First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Sees Large Increase in Short Interest

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 43,924 shares, a growth of 294.0% from the September 15th total of 11,148 shares. Based on an average daily volume of 208,176 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Utilities AlphaDEX Fund

Hedge funds have recently modified their holdings of the business. Rockport Wealth LLC lifted its holdings in First Trust Utilities AlphaDEX Fund by 3,195.9% during the first quarter. Rockport Wealth LLC now owns 228,438 shares of the company’s stock valued at $11,326,000 after purchasing an additional 221,507 shares in the last quarter. Ocean Park Asset Management LLC purchased a new stake in shares of First Trust Utilities AlphaDEX Fund in the first quarter worth $4,260,000. Cetera Investment Advisers increased its stake in shares of First Trust Utilities AlphaDEX Fund by 13.5% in the first quarter. Cetera Investment Advisers now owns 335,969 shares of the company’s stock worth $16,661,000 after purchasing an additional 39,872 shares in the last quarter. Kestra Advisory Services LLC increased its stake in shares of First Trust Utilities AlphaDEX Fund by 148.0% in the first quarter. Kestra Advisory Services LLC now owns 45,043 shares of the company’s stock worth $2,234,000 after purchasing an additional 26,884 shares in the last quarter. Finally, Fiduciary Alliance LLC raised its position in shares of First Trust Utilities AlphaDEX Fund by 44.4% during the 1st quarter. Fiduciary Alliance LLC now owns 87,144 shares of the company’s stock valued at $4,338,000 after purchasing an additional 26,787 shares during the period.

First Trust Utilities AlphaDEX Fund Price Performance

Shares of FXU traded up $0.31 on Monday, reaching $45.93. The company’s stock had a trading volume of 248,624 shares, compared to its average volume of 447,360. The stock has a market capitalization of $746.36 million, a P/E ratio of 17.41 and a beta of 0.59. The stock’s 50 day simple moving average is $46.58 and its two-hundred day simple moving average is $48.20. First Trust Utilities AlphaDEX Fund has a 12-month low of $43.40 and a 12-month high of $51.62.

First Trust Utilities AlphaDEX Fund Company Profile

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.