Short Interest in First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Expands By 50.0%

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 600 shares, an increase of 50.0% from the March 15th total of 400 shares. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the shares of the company are short sold.

First Trust IPOX Europe Equity Opportunities ETF Stock Performance

First Trust IPOX Europe Equity Opportunities ETF stock traded up $0.28 during midday trading on Friday, hitting $25.97. 130 shares of the company were exchanged, compared to its average volume of 1,195. The business has a fifty day simple moving average of $26.41 and a two-hundred day simple moving average of $26.42. The firm has a market capitalization of $3.89 million, a PE ratio of 18.41 and a beta of 1.00. First Trust IPOX Europe Equity Opportunities ETF has a fifty-two week low of $21.14 and a fifty-two week high of $28.48.

Hedge Funds Weigh In On First Trust IPOX Europe Equity Opportunities ETF

Large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its stake in First Trust IPOX Europe Equity Opportunities ETF by 2.4% in the 4th quarter. Jane Street Group LLC now owns 40,416 shares of the company’s stock worth $1,033,000 after purchasing an additional 942 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new stake in shares of First Trust IPOX Europe Equity Opportunities ETF in the 4th quarter worth $128,000. Finally, REAP Financial Group LLC purchased a new position in shares of First Trust IPOX Europe Equity Opportunities ETF during the 4th quarter worth $38,000.

First Trust IPOX Europe Equity Opportunities ETF Company Profile

The First Trust IPOX Europe Equity Opportunities ETF (FPXE) is an exchange-traded fund that is based on the IPOX 100 Europe index, a market-cap-weighted index of the 100 largest European IPOs over the first 1,000 trading days for each stock. FPXE was launched on Oct 4, 2018 and is managed by First Trust.