Short Interest in First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Expands By 159.1%

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 22,516 shares, a growth of 159.1% from the June 15th total of 8,689 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 15,838 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors Weigh In On First Trust Consumer Staples AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FXG. Hilton Head Capital Partners LLC acquired a new position in First Trust Consumer Staples AlphaDEX Fund during the fourth quarter valued at approximately $25,000. Park Square Financial Group LLC lifted its stake in shares of First Trust Consumer Staples AlphaDEX Fund by 489.1% in the fourth quarter. Park Square Financial Group LLC now owns 701 shares of the company’s stock worth $45,000 after buying an additional 582 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust Consumer Staples AlphaDEX Fund during the 3rd quarter worth $49,000. O Shaughnessy Asset Management LLC grew its stake in First Trust Consumer Staples AlphaDEX Fund by 1,336.3% in 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. Finally, Northwestern Mutual Wealth Management Co. grew its stake in First Trust Consumer Staples AlphaDEX Fund by 11.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,132 shares of the company’s stock valued at $129,000 after buying an additional 215 shares during the last quarter.

First Trust Consumer Staples AlphaDEX Fund Price Performance

NYSEARCA FXG opened at $64.26 on Tuesday. First Trust Consumer Staples AlphaDEX Fund has a fifty-two week low of $59.67 and a fifty-two week high of $69.50. The stock’s 50-day moving average is $62.09 and its two-hundred day moving average is $63.75. The firm has a market cap of $231.34 million, a P/E ratio of 15.10 and a beta of 0.49.

About First Trust Consumer Staples AlphaDEX Fund

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.