The First Trust International IPO ETF (NASDAQ:FPXI – free report) saw a significant drop in short interest in June. On June 15, there were short sales totaling 64,500 shares, down 38.3% from the May 31 total of 104,500 shares. Based on an average trading volume of 31,700 shares, the day-to-cover ratio is currently 2.0 days.
First Trust International IPO ETF trading up 1.7%
Shares of the NASDAQ FPXI opened at $39.26 on Friday. The company has a market cap of $229.67 million, a price-to-earnings ratio of 13.62 and a beta of 0.81. The First Trust International IPO ETF has a 12-month low of $33.73 and a 12-month high of $44.68. The stock has a 50-day moving average price of $39.44 and a two-hundred-day moving average price of $39.58.
First Trust International IPO ETF increases dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record as of Wednesday, June 28 were paid a dividend of $0.1353 per share. This is an increase from First Trust International IPO ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Tuesday June 27th. That translates to an annual dividend of $0.54 and a yield of 1.38%.
Institutional inflows and outflows
Several institutional investors have recently bought and sold shares in the company. Mach 1 Financial Group LLC acquired a new position in the First Trust International IPO ETF valued at approximately $10,603,000 during the first quarter. Gladstone Institutional Advisory LLC increased its stake in the First Trust International IPO ETF by 4.7% during the first quarter. Gladstone Institutional Advisory LLC now owns 6,954 shares of the company’s stock, valued at $284,000, after purchasing an additional 309 shares last quarter. Northwestern Mutual Wealth Management Co. increased its stake in First Trust International IPO ETF by 6.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,528 shares of the company, valued at $215,000, after purchasing an additional 340 shares last quarter. Tower Research Capital LLC TRC increased its stake in First Trust International IPO ETF by 4.0% during the first quarter. Tower Research Capital LLC TRC now owns 9,784 shares of the company, valued at $399,000, after purchasing an additional 375 shares last quarter. Finally, Bank of America Corp DE increased its holding of shares in the First Trust International IPO ETF by 0.9% during the first quarter. Bank of America Corp DE now owns 41,902 shares of the company, valued at $1,709,000, after purchasing an additional 387 shares during the period.
About the First Trust International IPO ETF
(Free Report)
The First Trust International Equity Opportunities ETF (FPXI) is an exchange-traded fund based on the IPOX International Index, a market capitalization-weighted index of the 50 largest IPOs in developed markets outside the United States over the first 1,000 trading days of each stock. FPXI was launched on November 5, 2014 and is managed by First Trust.
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