First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Short Interest Update

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 488,793 shares, a decrease of 34.9% from the December 15th total of 750,530 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily volume of 198,899 shares, the short-interest ratio is presently 2.5 days. Based on an average daily volume of 198,899 shares, the short-interest ratio is presently 2.5 days. Approximately 1.2% of the shares of the company are sold short.

First Trust Utilities AlphaDEX Fund Trading Up 0.4%

Shares of FXU traded up $0.18 during mid-day trading on Friday, hitting $46.50. 417,504 shares of the company’s stock were exchanged, compared to its average volume of 426,591. The firm has a market capitalization of $1.82 billion, a P/E ratio of 17.41 and a beta of 0.67. First Trust Utilities AlphaDEX Fund has a fifty-two week low of $36.88 and a fifty-two week high of $47.74. The business’s 50 day moving average is $45.69 and its two-hundred day moving average is $45.09.

Hedge Funds Weigh In On First Trust Utilities AlphaDEX Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. boosted its holdings in shares of First Trust Utilities AlphaDEX Fund by 13.0% in the third quarter. Raymond James Financial Inc. now owns 932,394 shares of the company’s stock valued at $42,377,000 after acquiring an additional 107,425 shares in the last quarter. Bank of America Corp DE grew its holdings in First Trust Utilities AlphaDEX Fund by 10.9% during the third quarter. Bank of America Corp DE now owns 861,617 shares of the company’s stock worth $39,161,000 after acquiring an additional 84,697 shares during the period. NewEdge Advisors LLC lifted its holdings in First Trust Utilities AlphaDEX Fund by 16.2% in the second quarter. NewEdge Advisors LLC now owns 541,082 shares of the company’s stock valued at $22,931,000 after acquiring an additional 75,448 shares during the period. Nilsine Partners LLC grew its stake in shares of First Trust Utilities AlphaDEX Fund by 3.2% during the 4th quarter. Nilsine Partners LLC now owns 499,969 shares of the company’s stock worth $22,504,000 after purchasing an additional 15,433 shares during the period. Finally, NewSquare Capital LLC lifted its stake in shares of First Trust Utilities AlphaDEX Fund by 1.4% in the second quarter. NewSquare Capital LLC now owns 470,272 shares of the company’s stock valued at $19,930,000 after purchasing an additional 6,601 shares during the period.

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.