Short Interest in First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Drops By 36.1%

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 57,806 shares, a decline of 36.1% from the June 30th total of 90,438 shares. Based on an average daily volume of 252,255 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Utilities AlphaDEX Fund

Hedge funds have recently made changes to their positions in the business. Blair William & Co. IL lifted its position in shares of First Trust Utilities AlphaDEX Fund by 204.2% during the 3rd quarter. Blair William & Co. IL now owns 794 shares of the company’s stock worth $36,000 after buying an additional 533 shares during the period. Smartleaf Asset Management LLC bought a new position in First Trust Utilities AlphaDEX Fund in the fourth quarter valued at about $44,000. Glassman Wealth Services acquired a new stake in shares of First Trust Utilities AlphaDEX Fund during the 4th quarter worth approximately $45,000. Triumph Capital Management bought a new stake in First Trust Utilities AlphaDEX Fund in the third quarter valued at about $46,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in First Trust Utilities AlphaDEX Fund during the 1st quarter worth approximately $62,000.

First Trust Utilities AlphaDEX Fund Price Performance

Shares of First Trust Utilities AlphaDEX Fund stock traded down $0.37 during midday trading on Friday, hitting $48.48. The company had a trading volume of 181,830 shares, compared to its average volume of 516,797. The stock has a market cap of $824.16 million, a PE ratio of 17.41 and a beta of 0.61. First Trust Utilities AlphaDEX Fund has a 1-year low of $43.19 and a 1-year high of $51.62. The business’s 50 day simple moving average is $49.01 and its two-hundred day simple moving average is $48.85.

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.