First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Sees Significant Increase in Short Interest

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 16,929 shares, an increase of 48.9% from the February 12th total of 11,373 shares. Based on an average daily trading volume, of 24,339 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 24,339 shares, the short-interest ratio is presently 0.7 days.

First Trust Consumer Staples AlphaDEX Fund Trading Up 0.1%

Shares of FXG opened at $64.56 on Friday. First Trust Consumer Staples AlphaDEX Fund has a 52 week low of $59.67 and a 52 week high of $69.50. The firm has a market cap of $248.56 million, a price-to-earnings ratio of 15.10 and a beta of 0.56. The stock has a 50 day moving average of $65.65 and a 200-day moving average of $63.55.

Hedge Funds Weigh In On First Trust Consumer Staples AlphaDEX Fund

Hedge funds have recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC bought a new stake in First Trust Consumer Staples AlphaDEX Fund during the fourth quarter valued at $25,000. Founders Financial Alliance LLC bought a new position in shares of First Trust Consumer Staples AlphaDEX Fund in the 3rd quarter worth about $45,000. Park Square Financial Group LLC boosted its holdings in shares of First Trust Consumer Staples AlphaDEX Fund by 489.1% in the 4th quarter. Park Square Financial Group LLC now owns 701 shares of the company’s stock valued at $45,000 after buying an additional 582 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust Consumer Staples AlphaDEX Fund in the 3rd quarter valued at about $49,000. Finally, O Shaughnessy Asset Management LLC grew its position in shares of First Trust Consumer Staples AlphaDEX Fund by 1,336.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,307 shares of the company’s stock valued at $79,000 after buying an additional 1,216 shares during the last quarter.

First Trust Consumer Staples AlphaDEX Fund Company Profile

First Trust Consumer Staples AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the StrataQuant Consumer Staples Index (the Index). The Index is an enhanced index created and administered by the AMEX, which employs the AlphaDEX stock selection methodology to select stocks from the Russell 1000 Index. The AMEX constructs the Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.