First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Short Interest Down 14.9% in March

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 68,968 shares, a drop of 14.9% from the February 26th total of 81,004 shares. Based on an average daily trading volume, of 573,726 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.4% of the shares of the stock are short sold.

First Trust Utilities AlphaDEX Fund Trading Down 0.4%

NYSEARCA:FXU traded down $0.18 during mid-day trading on Tuesday, reaching $49.27. 78,149 shares of the stock were exchanged, compared to its average volume of 850,927. The business has a fifty day moving average price of $48.78 and a 200 day moving average price of $46.83. First Trust Utilities AlphaDEX Fund has a 1-year low of $36.88 and a 1-year high of $51.08. The firm has a market capitalization of $857.30 million, a PE ratio of 17.41 and a beta of 0.67.

First Trust Utilities AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be issued a $0.229 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Thursday, March 26th.

Institutional Trading of First Trust Utilities AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rothschild Investment LLC purchased a new stake in First Trust Utilities AlphaDEX Fund during the third quarter valued at about $25,000. Blair William & Co. IL raised its holdings in shares of First Trust Utilities AlphaDEX Fund by 204.2% during the third quarter. Blair William & Co. IL now owns 794 shares of the company’s stock valued at $36,000 after acquiring an additional 533 shares during the period. Smartleaf Asset Management LLC acquired a new stake in shares of First Trust Utilities AlphaDEX Fund during the fourth quarter valued at approximately $44,000. Glassman Wealth Services acquired a new stake in shares of First Trust Utilities AlphaDEX Fund during the fourth quarter valued at approximately $45,000. Finally, Triumph Capital Management purchased a new stake in shares of First Trust Utilities AlphaDEX Fund in the 3rd quarter valued at approximately $46,000.

About First Trust Utilities AlphaDEX Fund

First Trust Utilities 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 Utilities 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.