FPX Stock Summary and Trading Ideas (First Trust US Equity Opportunities ETF | ARCA:FPX)

The First Trust US Equity Opportunities ETF is an exchange-traded index fund. The investment objective of the Fund is to replicate as closely as possible, before fees and expenses, the price and yield of the IPOX-100 U.S. Index. The IPOX-100 U.S. Index is a modified value-weighted price index measuring the performance of the top 100 companies ranked quarterly by market capitalization in the IPOX Global Composite Index.

First Trust US Equity Opportunities ETF trades on the ARCA stock market under the symbol FPX.

As of April 24, 2024, FPX stock price declined to $99.24 with 9,228 million shares trading.

FPX has a beta of 1.50, meaning it tends to be more sensitive to market movements. FPX has a correlation of 0.70 to the broad based SPY ETF.

FPX has a market cap of $729.41 million. This is considered a Small Cap stock.

In the last 3 years, FPX stock traded as high as $136.42 and as low as $75.74.

FPX has underperformed the market in the last year with a price return of +20.6% while the SPY ETF gained +24.2%. FPX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +4.5% and -4.0%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

FPX support price is $97.85 and resistance is $100.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FPX stock will trade within this expected range on the day.