First Trust International IPO ETF (NASDAQ:FPXI) Short Interest Down 99.5% in November

First Trust International IPO ETF (NASDAQ:FPXI) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 300 shares, a decline of 99.5% from the October 31st total of 65,300 shares. Based on an average trading volume of 8,600 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On First Trust International IPO ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clarus Wealth Advisors lifted its position in shares of First Trust International IPO ETF by 2.9% during the second 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 last quarter. Accel Wealth Management raised its stake in 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 worth $258,000 after acquiring an additional 968 shares during the period. WealthCare Investment Partners LLC raised its stake in First Trust International IPO ETF by 2.1% during the second quarter. WealthCare Investment Partners LLC now owns 27,785 shares of the company’s stock worth $1,308,000 after acquiring an additional 561 shares during the period. Commonwealth Equity Services LLC raised its stake in First Trust International IPO ETF by 3.8% during the second quarter. Commonwealth Equity Services LLC now owns 30,082 shares of the company’s stock worth $1,416,000 after acquiring an additional 1,113 shares during the period. Finally, Advisor OS LLC raised its stake in First Trust International IPO ETF by 21.5% during the second quarter. Advisor OS LLC now owns 5,648 shares of the company’s stock worth $266,000 after acquiring an additional 1,000 shares during the period.

First Trust International IPO ETF Stock Performance

Shares of NASDAQ:FPXI traded down $0.04 during midday trading on Wednesday, hitting $49.81. 8,594 shares of the company’s stock traded hands, compared to its average volume of 12,173. First Trust International IPO ETF has a twelve month low of $40.63 and a twelve month high of $50.27. The company has a market cap of $141.96 million, a PE ratio of 27.85 and a beta of 0.81. The firm’s fifty day moving average price is $48.74 and its two-hundred day moving average price is $47.78.

First Trust International IPO ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.0444 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.18 dividend on an annualized basis 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.