First Trust International IPO ETF (NASDAQ:FPXI) Short Interest Down 55.6% in June

First Trust International IPO ETF (NASDAQ:FPXI) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 400 shares, a decline of 55.6% from the June 15th total of 900 shares. Based on an average trading volume of 9,700 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FPXI. International Assets Investment Management LLC bought a new stake in First Trust International IPO ETF during the 4th quarter valued at approximately $4,420,000. Twin Peaks Wealth Advisors LLC acquired a new position in First Trust International IPO ETF during the 4th quarter valued at $2,708,000. Asset Allocation Strategies LLC boosted its holdings in First Trust International IPO ETF by 13.8% in the 4th quarter. Asset Allocation Strategies LLC now owns 80,569 shares of the company’s stock valued at $3,404,000 after purchasing an additional 9,762 shares during the period. Clarus Wealth Advisors acquired a new stake in First Trust International IPO ETF in the 4th quarter worth $378,000. Finally, Principal Securities Inc. bought a new position in shares of First Trust International IPO ETF during the 4th quarter worth about $320,000.

First Trust International IPO ETF Price Performance

NASDAQ:FPXI traded up $0.50 during trading hours on Friday, reaching $48.68. The company’s stock had a trading volume of 18,174 shares, compared to its average volume of 14,063. The company has a market cap of $153.34 million, a price-to-earnings ratio of 27.85 and a beta of 0.81. The business’s 50-day moving average is $47.41 and its 200-day moving average is $45.36. First Trust International IPO ETF has a one year low of $36.02 and a one year high of $48.99.

First Trust International IPO ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $0.2987 per share. The ex-dividend date was Thursday, June 27th.

First Trust International IPO ETF Company Profile

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.