Short Interest in First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Drops By 28.6%

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 500 shares, a drop of 28.6% from the January 31st total of 700 shares. Based on an average daily volume of 800 shares, the short-interest ratio is presently 0.6 days.

First Trust IPOX Europe Equity Opportunities ETF Trading Up 0.3 %

Shares of First Trust IPOX Europe Equity Opportunities ETF stock traded up $0.08 during mid-day trading on Tuesday, hitting $27.11. 752 shares of the stock were exchanged, compared to its average volume of 842. First Trust IPOX Europe Equity Opportunities ETF has a twelve month low of $23.38 and a twelve month high of $28.48. The stock has a market capitalization of $4.07 million, a price-to-earnings ratio of 22.79 and a beta of 1.07. The company has a 50-day simple moving average of $26.94 and a 200 day simple moving average of $26.52.

First Trust IPOX Europe Equity Opportunities ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.126 per share. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On First Trust IPOX Europe Equity Opportunities ETF

Several hedge funds have recently modified their holdings of FPXE. Coppell Advisory Solutions LLC acquired a new stake in shares of First Trust IPOX Europe Equity Opportunities ETF in the fourth quarter worth approximately $128,000. REAP Financial Group LLC acquired a new stake in shares of First Trust IPOX Europe Equity Opportunities ETF in the fourth quarter worth approximately $38,000. Finally, Jane Street Group LLC boosted its position in shares of First Trust IPOX Europe Equity Opportunities ETF by 2.4% in the fourth quarter. Jane Street Group LLC now owns 40,416 shares of the company’s stock worth $1,033,000 after acquiring an additional 942 shares during the last quarter.

About First Trust IPOX Europe Equity Opportunities ETF

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.