Short Interest in First Trust International IPO ETF (NASDAQ:FPXI) Drops By 98.9%

First Trust International IPO ETF (NASDAQ:FPXI) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 100 shares, a decline of 98.9% from the November 30th total of 9,500 shares. Based on an average daily volume of 9,500 shares, the short-interest ratio is currently 0.0 days.

First Trust International IPO ETF Price Performance

Shares of FPXI traded down $0.08 on Friday, reaching $47.82. The company’s stock had a trading volume of 7,357 shares, compared to its average volume of 12,032. First Trust International IPO ETF has a 12-month low of $40.77 and a 12-month high of $50.80. The stock has a market capitalization of $136.29 million, a P/E ratio of 27.85 and a beta of 0.81. The stock’s 50 day simple moving average is $49.15 and its two-hundred day simple moving average is $48.04.

First Trust International IPO ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.0945 dividend. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Hibernia Wealth Partners LLC purchased a new position in First Trust International IPO ETF in the 3rd quarter worth approximately $230,000. Advisor OS LLC increased its holdings in First Trust International IPO ETF by 21.5% in the 2nd quarter. Advisor OS LLC now owns 5,648 shares of the company’s stock valued at $266,000 after acquiring an additional 1,000 shares during the last quarter. Koshinski Asset Management Inc. lifted its stake in First Trust International IPO ETF by 4.0% in the 3rd quarter. Koshinski Asset Management Inc. now owns 7,025 shares of the company’s stock worth $340,000 after purchasing an additional 269 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of First Trust International IPO ETF by 4.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 7,978 shares of the company’s stock valued at $386,000 after purchasing an additional 352 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of First Trust International IPO ETF during the second quarter valued at about $403,000.

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.