First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Sees Large Decline in Short Interest

by · The Markets Daily

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 200 shares, a drop of 81.8% from the September 30th total of 1,100 shares. Based on an average daily trading volume, of 1,000 shares, the days-to-cover ratio is currently 0.2 days.

First Trust IPOX Europe Equity Opportunities ETF Price Performance

NASDAQ FPXE traded up $0.10 during trading hours on Friday, reaching $26.18. 1,373 shares of the company’s stock traded hands, compared to its average volume of 811. The firm has a market cap of $3.93 million, a PE ratio of 18.76 and a beta of 1.00. First Trust IPOX Europe Equity Opportunities ETF has a 52-week low of $19.25 and a 52-week high of $28.04. The firm has a 50-day simple moving average of $26.27 and a 200 day simple moving average of $25.66.

First Trust IPOX Europe Equity Opportunities ETF Company Profile

(Get Free Report)

The First Trust IPOX Europe Equity Opportunities ETF (FPXE) is an exchange-traded fund that is based on the IPOX 100 Europe index, a market-cap-weighted index of the 100 largest European IPOs over the first 1,000 trading days for each stock. FPXE was launched on Oct 4, 2018 and is managed by First Trust.

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