Short Interest in First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Declines By 75.8%

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 1,222 shares, a drop of 75.8% from the July 30th total of 5,053 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 7,422 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On First Trust Consumer Staples AlphaDEX Fund

A number of hedge funds have recently bought and sold shares of the business. Hilton Head Capital Partners LLC acquired a new position in shares of First Trust Consumer Staples AlphaDEX Fund during the 4th quarter worth approximately $25,000. Park Square Financial Group LLC grew its position in First Trust Consumer Staples AlphaDEX Fund by 489.1% during the fourth quarter. Park Square Financial Group LLC now owns 701 shares of the company’s stock worth $45,000 after buying an additional 582 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in First Trust Consumer Staples AlphaDEX Fund during the 3rd quarter worth $49,000. O Shaughnessy Asset Management LLC raised its holdings in First Trust Consumer Staples AlphaDEX Fund by 1,336.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,307 shares of the company’s stock valued at $79,000 after acquiring an additional 1,216 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust Consumer Staples AlphaDEX Fund by 11.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,132 shares of the company’s stock valued at $129,000 after acquiring an additional 215 shares during the period.

First Trust Consumer Staples AlphaDEX Fund Stock Down 1.7%

Shares of First Trust Consumer Staples AlphaDEX Fund stock traded down $1.10 on Thursday, hitting $64.99. The stock had a trading volume of 68,853 shares, compared to its average volume of 20,595. The stock has a market cap of $227.46 million, a price-to-earnings ratio of 15.10 and a beta of 0.49. First Trust Consumer Staples AlphaDEX Fund has a twelve month low of $59.67 and a twelve month high of $69.50. The business’s 50 day moving average is $64.36 and its two-hundred day moving average is $64.21.

First Trust Consumer Staples AlphaDEX Fund Company Profile

First Trust Consumer Staples 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 Consumer Staples 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.