FPXE Stock Summary and Trading Ideas (First Trust Ipox Europe Equity Opportunities ETF | NASDAQ:FPXE)

The First Trust IPOX Europe Equity Opportunities ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the IPOX 100 Europe Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and/or depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Funds investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Funds performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned, developed, maintained and sponsored by IPOX Schuster LLC (the "Index Provider"). The IPOX 100 Europe Index is a market cap weighted index that measures the performance of recent European initial public offerings (IPOs) from the IPOX Global Composite Index.

First Trust Ipox Europe Equity Opportunities ETF trades on the NASDAQ stock market under the symbol FPXE.

As of April 18, 2024, FPXE stock price was flat at $23.86 with 138 million shares trading.

FPXE has a market cap of $4.77 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, FPXE stock traded as high as $33.70 and as low as $16.62.

FPXE has underperformed the market in the last year with a price return of +9.0% while the SPY ETF gained +22.3%. However, in the short term, FPXE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +9.5% vs +6.1% return in SPY. But in the last 2 weeks, FPXE shares have been beat by the market, returning -5.8% compared to an SPY return of -3.8%.

FPXE support price is $23.58 and resistance is $24.15 (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 FPXE stock will trade within this expected range on the day.