First Trust International IPO ETF (NASDAQ:FPXI) Short Interest Update

As of the end of December, the First Trust International IPO ETF (NASDAQ:FPXI – Get Free Report) has experienced a substantial increase in short interest. By December 31st, short interest surged to 4,300 shares, representing an astounding rise of 4,200.0% compared to just 100 shares noted on December 15th. Given the average daily trading volume of 11,700 shares, the current short-interest ratio stands at approximately 0.4 days.

First Trust International IPO ETF Stock Performance

On Wednesday, FPXI stock opened at $47.78. The company has shown a 50-day simple moving average of $48.88 and a 200-day simple moving average of $48.08. With a market capitalization of $133.78 million, FPXI has a price-to-earnings (P/E) ratio of 27.85 and a beta of 0.81, indicating moderate volatility compared to the market. Over the past year, the ETF has recorded a low of $40.77 and a high of $50.80.

First Trust International IPO ETF Cuts Dividend

Additionally, the ETF announced a dividend that was paid on Tuesday, December 31st. Shareholders of record on December 13th received a dividend of $0.0945 per share. The ex-dividend date was also December 13th.

Institutional Investors Weigh In On First Trust International IPO ETF

Recent activity from institutional investors showcases a growing interest in FPXI. In the third quarter, US Bancorp DE increased its position by 3.1%, acquiring an additional 336 shares, bringing its total to 11,100 shares valued at $537,000. Susquehanna International Group LLP also expanded its holdings by 16.7% in the second quarter, attaining 100,042 shares worth $4,708,000 after purchasing 14,330 shares. Furthermore, CWM LLC significantly increased its stake by 1,035.3% in the third quarter, owning 28,554 shares after buying 26,039 shares. Similarly, Commonwealth Equity Services LLC raised its position by 3.8%, now holding 30,082 shares worth $1,416,000. Additionally, Bank of Montreal Can entered the picture with a new stake worth approximately $403,000 during the second quarter.

About First Trust International IPO ETF

The First Trust International Equity Opportunities ETF (FPXI) is an exchange-traded fund designed to track the IPOX International index. This index represents the 50 largest international IPOs from developed markets outside the US, measured over the first 1,000 trading days. FPXI was launched on November 5, 2014, and is managed by First Trust.

ETF, Stocks, Dividends