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

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 14,847 shares, a decline of 64.2% from the July 15th total of 41,430 shares. Based on an average trading volume of 34,769 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

First Trust Financials AlphaDEX Fund Price Performance

Shares of FXO traded up $0.10 during trading hours on Friday, hitting $66.87. 19,195 shares of the stock were exchanged, compared to its average volume of 221,601. The business has a 50-day moving average of $63.93 and a 200-day moving average of $60.61. First Trust Financials AlphaDEX Fund has a fifty-two week low of $54.40 and a fifty-two week high of $67.38. The firm has a market capitalization of $1.15 billion, a P/E ratio of 12.42 and a beta of 0.93.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. AlphaCore Capital LLC bought a new stake in First Trust Financials AlphaDEX Fund during the fourth quarter worth about $105,000. Western Wealth Management LLC increased its holdings in First Trust Financials AlphaDEX Fund by 33.6% in the 4th quarter. Western Wealth Management LLC now owns 50,563 shares of the company’s stock worth $3,051,000 after buying an additional 12,703 shares in the last quarter. Allworth Financial LP grew its stake in shares of First Trust Financials AlphaDEX Fund by 57.0% in the fourth quarter. Allworth Financial LP now owns 3,924 shares of the company’s stock worth $237,000 after acquiring an additional 1,424 shares during the period. Englebert Financial Advisers LLC purchased a new stake in First Trust Financials AlphaDEX Fund during the 4th quarter valued at $627,000. Finally, International Assets Investment Management LLC increased its position in First Trust Financials AlphaDEX Fund by 2.1% during the fourth quarter. International Assets Investment Management LLC now owns 26,559 shares of the company’s stock valued at $1,603,000 after acquiring an additional 558 shares during the last quarter.

First Trust Financials AlphaDEX Fund Company Profile

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.