First Trust International IPO ETF (NASDAQ:FPXI) Short Interest Down 78.1% in January

First Trust International IPO ETF (NASDAQ:FPXIGet Free Report) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 700 shares, a decrease of 78.1% from the January 15th total of 3,200 shares. Based on an average daily volume of 17,700 shares, the short-interest ratio is currently 0.0 days.

First Trust International IPO ETF Price Performance

Shares of NASDAQ:FPXI traded up $0.84 during trading on Monday, hitting $44.55. The company’s stock had a trading volume of 9,892 shares, compared to its average volume of 19,569. First Trust International IPO ETF has a 12 month low of $36.02 and a 12 month high of $45.00. The firm has a market cap of $173.75 million, a price-to-earnings ratio of 24.60 and a beta of 0.81. The company has a 50-day moving average of $41.93 and a 200-day moving average of $40.31.

First Trust International IPO ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Tuesday, December 26th were issued a dividend of $0.0874 per share. This represents a $0.35 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Friday, December 22nd.

Hedge Funds Weigh In On First Trust International IPO ETF

Several large investors have recently added to or reduced their stakes in FPXI. Equitable Holdings Inc. lifted its holdings in First Trust International IPO ETF by 21.3% during the first quarter. Equitable Holdings Inc. now owns 10,274 shares of the company’s stock valued at $501,000 after purchasing an additional 1,804 shares in the last quarter. Sowell Financial Services LLC purchased a new position in First Trust International IPO ETF during the first quarter valued at approximately $850,000. Atria Wealth Solutions Inc. purchased a new position in First Trust International IPO ETF during the first quarter valued at approximately $1,697,000. Royal Bank of Canada lifted its holdings in First Trust International IPO ETF by 14.2% during the first quarter. Royal Bank of Canada now owns 206,326 shares of the company’s stock valued at $10,060,000 after purchasing an additional 25,584 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of First Trust International IPO ETF by 2.0% in the first quarter. Bank of America Corp DE now owns 59,014 shares of the company’s stock worth $2,878,000 after buying an additional 1,154 shares in the last quarter.

First Trust International IPO ETF Company Profile

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The First Trust International Equity Opportunities ETF (FPXI) is an exchange-traded fund that is based on the IPOX International index, a market-cap-weighted index of the 50 largest developed markets ex-US IPOs over the first 1,000 trading days for each stock. FPXI was launched on Nov 5, 2014 and is managed by First Trust.

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