First Trust International IPO ETF (NASDAQ:FPXI) Sees Significant Growth in Short Interest

First Trust International IPO ETF (NASDAQ:FPXI) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 9,500 shares, an increase of 3,066.7% from the November 15th total of 300 shares. Based on an average daily volume of 8,700 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On First Trust International IPO ETF

Hedge funds have recently made changes to their positions in the business. Hibernia Wealth Partners LLC acquired a new position in shares of First Trust International IPO ETF in the 3rd quarter worth $230,000. Advisor OS LLC increased its stake 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 worth $266,000 after purchasing an additional 1,000 shares in the last quarter. Koshinski Asset Management Inc. increased 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 raised its holdings in 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 worth $386,000 after buying an additional 352 shares during the period. Finally, Bank of Montreal Can purchased a new stake in First Trust International IPO ETF during the second quarter valued at about $403,000.

First Trust International IPO ETF Stock Up 1.7 %

Shares of FPXI stock opened at $50.13 on Thursday. The stock has a 50-day simple moving average of $49.12 and a 200 day simple moving average of $47.98. The stock has a market capitalization of $142.87 million, a P/E ratio of 27.85 and a beta of 0.81. First Trust International IPO ETF has a fifty-two week low of $40.77 and a fifty-two week high of $50.80.

First Trust International IPO ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.0444 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.18 annualized dividend and a dividend yield of 0.35%.

About First Trust International IPO ETF

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.