The First Trust International IPO ETF (NASDAQ:FPXI – Get Free Report) was the target of a sharp surge in short interest in August. As of August 15, there were short sales totaling 104,900 shares, up 356.1% from the July 31 total of 23,000 shares. Based on an average daily volume of 20,300 shares, the day-to-cover ratio is currently 5.2 days.
Price development of the First Trust International IPO ETF
The NASDAQ FPXI rose $0.40 on Friday to hit $39.66. The company’s trading volume was 4,402 shares compared to an average volume of 30,265. The First Trust International IPO ETF has a 1-year low of $33.73 and a 1-year high of $43.00. The company has a 50-day moving average of $40.44 and a 200-day moving average of $40.04. The company has a market cap of $182.44 million, a P/E of 24.60 and a beta of 0.81.
First Trust International IPO ETF increases dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, June 28 were paid a dividend of $0.1353 per share. That equates to a dividend of $0.54 on an annualized basis and a yield of 1.36%. This is a positive change from First Trust International IPO ETF’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Tuesday June 27th.
Institutional investors participate in the First Trust International IPO ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mach 1 Financial Group LLC acquired a new stake in First Trust International IPO ETF valued at $10,603,000 in Q1. Simplex Trading LLC acquired a new position in shares of the First Trust International IPO ETF valued at approximately $42,000 during the fourth quarter. Credit Suisse AG bought a new stake in shares of First Trust International IPO ETF worth about $61,000 in Q2. PCA Investment Advisory Services Inc. bought a new stake in shares of the First Trust International IPO ETF valued at approximately $59,000 during the second quarter. Finally, in the second quarter, JPMorgan Chase & Co. increased its stake in the First Trust International IPO ETF by 859.5%. JPMorgan Chase & Co. now owns 1,564 shares of the company’s stock, valued at $61,000, after buying another 1,401 shares last quarter.
Company profile of the First Trust International IPO ETF
(Get 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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