News Column

Monday's ETF with Unusual Volume: FPX

August 18, 2014

The First Trust US IPO Index Fund ETF (FPX) is seeing unusually high volume in afternoon trading Monday, with over 133,000 shares traded versus three month average volume of about 51,000. Shares of FPX were up about 0.9% on the day.

Components of that ETF with the highest volume on Monday were Facebook (FB), trading up about 1.2% with over 12.4 million shares changing hands so far this session, and Kinder Morgan (KMI), down about 1.2% on volume of over 11.6 million shares. Grubhub (GRUB) is the component faring the best Monday, higher by about 3.9% on the day, while NXP Semiconductors (NXPI) is lagging other components of the First Trust US IPO Index Fund ETF, trading lower by about 2.7%.

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