First Trust International IPO ETF (NASDAQ:FPXI) Reports Major Increase in Short Interest

As of December 31st, 2024, the First Trust International IPO ETF (NASDAQ:FPXI) experienced a remarkable surge in short interest. This surge culminated in short interest totaling 4,300 shares, marking a staggering increase of 4,200.0% from just 100 shares on December 15th. Based on an average trading volume of 11,700 shares, the short-interest ratio currently stands at 0.4 days.

Current Stock Performance of FPXI

On Wednesday, FPXI stock opened at $47.78. The fund's performance has remained stable with a 50-day simple moving average of $48.88 and a longer-term 200-day simple moving average of $48.08. First Trust International IPO ETF boasts a market capitalization of $133.78 million, a price-to-earnings (P/E) ratio of 27.85, and a beta value of 0.81, indicating less volatility compared to the market overall. During the past year, the ETF has seen a low of $40.77 and a high of $50.80.

Dividend Announcement from First Trust International IPO ETF

In recent updates, the fund declared a dividend of $0.0945 per share that was distributed on December 31st to the record holders on December 13th. This was part of the regular payout schedule characteristic of the ETF, aimed at providing returns to its shareholders.

Institutional Investment Trends

Several institutional investors have recently changed their positions in the First Trust International IPO ETF. For example, US Bancorp DE increased its stake by 3.1% during the third quarter, now holding 11,100 shares valued at approximately $537,000 after acquiring an additional 336 shares. Susquehanna International Group LLP also increased its stake by 16.7% during the second quarter, currently owning 100,042 shares, worth about $4,708,000. Moreover, CWM LLC saw a phenomenal growth in its holdings by 1,035.3%, now counting 28,554 shares valued at $1,381,000. Meanwhile, Commonwealth Equity Services LLC and Bank of Montreal Can have also made notable purchases, increasing their stakes significantly in the ETF.

Overview of First Trust International IPO ETF

The First Trust International Equity Opportunities ETF (FPXI) is designed to track the IPOX International index. This index consists of the 50 largest IPOs in developed markets outside the United States, measured over their first 1,000 trading days. Launched on November 5, 2014, FPXI is managed by First Trust.

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