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

First Trust International IPO ETF (NASDAQ:FPXI) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 65,300 shares, a growth of 65,200.0% from the October 15th total of 100 shares. Based on an average daily trading volume, of 8,800 shares, the days-to-cover ratio is currently 7.4 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE grew its stake in shares of First Trust International IPO ETF by 7.1% in the first quarter. US Bancorp DE now owns 9,473 shares of the company’s stock worth $437,000 after acquiring an additional 628 shares during the last quarter. Koshinski Asset Management Inc. acquired a new stake in First Trust International IPO ETF in the 1st quarter worth $245,000. Clarus Wealth Advisors increased its holdings in shares of First Trust International IPO ETF by 2.9% during the 2nd quarter. Clarus Wealth Advisors now owns 8,507 shares of the company’s stock worth $413,000 after purchasing an additional 239 shares during the period. Accel Wealth Management raised its position in shares of First Trust International IPO ETF by 21.4% during the second quarter. Accel Wealth Management now owns 5,488 shares of the company’s stock valued at $258,000 after buying an additional 968 shares during the last quarter. Finally, WealthCare Investment Partners LLC lifted its stake in shares of First Trust International IPO ETF by 2.1% in the second quarter. WealthCare Investment Partners LLC now owns 27,785 shares of the company’s stock valued at $1,308,000 after buying an additional 561 shares during the period.

First Trust International IPO ETF Price Performance

First Trust International IPO ETF stock opened at $48.92 on Wednesday. The firm has a market cap of $139.42 million, a price-to-earnings ratio of 27.85 and a beta of 0.81. The firm has a fifty day moving average price of $48.32 and a two-hundred day moving average price of $47.54. First Trust International IPO ETF has a fifty-two week low of $38.69 and a fifty-two week high of $50.15.

First Trust International IPO ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid 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 yield of 0.36%.

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.