First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Short Interest Down 82.0% in August

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 13,399 shares, a drop of 82.0% from the July 30th total of 74,521 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 17,963 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Institutional investors have recently modified their holdings of the company. SHP Wealth Management acquired a new stake in First Trust Consumer Discretionary AlphaDEX Fund in the 4th quarter valued at $36,000. Western Wealth Management LLC acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund during the first quarter worth $48,000. Fifth Third Bancorp bought a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund in the first quarter valued at $145,000. Advisory Services Network LLC bought a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund in the third quarter valued at $182,000. Finally, Two Sigma Investments LP acquired a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund during the third quarter valued at about $225,000.

First Trust Consumer Discretionary AlphaDEX Fund Trading Up 0.6%

FXD stock traded up $0.42 during trading on Friday, reaching $69.28. 4,293 shares of the stock were exchanged, compared to its average volume of 14,938. The firm’s 50 day moving average is $69.73 and its 200 day moving average is $67.93. First Trust Consumer Discretionary AlphaDEX Fund has a twelve month low of $61.86 and a twelve month high of $72.50. The firm has a market cap of $266.73 million, a P/E ratio of 13.17 and a beta of 1.12.

About First Trust Consumer Discretionary AlphaDEX Fund

First Trust Consumer Discretionary 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 Discretionary 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.