First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Short Interest Update

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 30,764 shares, a decline of 42.0% from the June 15th total of 53,010 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 41,029 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On First Trust Financials AlphaDEX Fund

Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in First Trust Financials AlphaDEX Fund by 279.7% during the second quarter. Russell Investments Group Ltd. now owns 543 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares during the period. Raymond James Financial Inc. grew its holdings in First Trust Financials AlphaDEX Fund by 6.6% in the second quarter. Raymond James Financial Inc. now owns 1,044,135 shares of the company’s stock worth $58,534,000 after purchasing an additional 64,918 shares during the period. Ameriprise Financial Inc. grew its holdings in First Trust Financials AlphaDEX Fund by 2.8% in the second quarter. Ameriprise Financial Inc. now owns 328,983 shares of the company’s stock worth $18,441,000 after purchasing an additional 9,080 shares during the period. Benjamin Edwards Inc. increased its stake in First Trust Financials AlphaDEX Fund by 30.7% in the second quarter. Benjamin Edwards Inc. now owns 211,051 shares of the company’s stock valued at $11,832,000 after purchasing an additional 49,599 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in First Trust Financials AlphaDEX Fund by 4.6% in the second quarter. MML Investors Services LLC now owns 91,489 shares of the company’s stock valued at $5,129,000 after purchasing an additional 4,009 shares in the last quarter.

First Trust Financials AlphaDEX Fund Trading Down 0.1%

FXO stock traded down $0.04 during trading on Friday, hitting $65.11. The company had a trading volume of 27,541 shares, compared to its average volume of 248,320. The business has a 50-day moving average of $60.97 and a 200-day moving average of $59.89. First Trust Financials AlphaDEX Fund has a one year low of $54.40 and a one year high of $65.75. The stock has a market cap of $1.11 billion, a PE ratio of 12.42 and a beta of 0.94.

About First Trust Financials AlphaDEX Fund

First Trust Financials AlphaDEX Fund (the Fund) is an exchange-traded fund. It seeks investment results that correspond generally to the price and yield of an equity index called the StrataQuant Financials Index (the Index). The StrataQuant Financials 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 StrataQuant Financials Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including three, six 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.