Short Interest in First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Drops By 42.5%

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 10,772 shares, a decline of 42.5% from the August 15th total of 18,724 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 43,661 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On First Trust Financials AlphaDEX Fund

Hedge funds have recently made changes to their positions in the business. Trust Co. of Vermont acquired a new stake in First Trust Financials AlphaDEX Fund during the second quarter valued at approximately $26,000. Godfrey Financial Associates Inc. acquired a new position in shares of First Trust Financials AlphaDEX Fund in the 4th quarter worth $38,000. Hilton Head Capital Partners LLC acquired a new position in shares of First Trust Financials AlphaDEX Fund in the 4th quarter worth $70,000. AlphaCore Capital LLC acquired a new position in shares of First Trust Financials AlphaDEX Fund in the 4th quarter worth $105,000. Finally, Kestra Private Wealth Services LLC raised its position in shares of First Trust Financials AlphaDEX Fund by 5.0% during the first quarter. Kestra Private Wealth Services LLC now owns 3,584 shares of the company’s stock worth $201,000 after purchasing an additional 172 shares during the period.

First Trust Financials AlphaDEX Fund Stock Down 1.3%

First Trust Financials AlphaDEX Fund stock traded down $0.87 during midday trading on Wednesday, hitting $63.89. The company’s stock had a trading volume of 27,986 shares, compared to its average volume of 199,267. The stock’s 50-day moving average price is $65.63 and its 200-day moving average price is $61.40. First Trust Financials AlphaDEX Fund has a 12 month low of $54.40 and a 12 month high of $67.38. The company has a market capitalization of $1.10 billion, a PE ratio of 12.42 and a beta of 0.93.

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.