First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Stock Short Interest Drops 93.1%

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,534 shares, a decline of 93.1% from the September 15th total of 22,382 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 13,767 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Consumer Staples AlphaDEX Fund Stock Performance

NYSEARCA:FXG traded down $0.42 during trading hours on Friday, hitting $59.54. The stock had a trading volume of 9,773 shares, compared to its average volume of 19,535. The business’s 50 day moving average is $62.82 and its 200-day moving average is $63.02. The company has a market cap of $205.41 million, a price-to-earnings ratio of 15.10 and a beta of 0.50. First Trust Consumer Staples AlphaDEX Fund has a one year low of $57.29 and a one year high of $69.50.

Hedge Funds Weigh In On First Trust Consumer Staples AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Worthington Financial Partners LLC purchased a new stake in First Trust Consumer Staples AlphaDEX Fund in the 4th quarter worth approximately $514,000. Ameritas Advisory Services LLC bought a new stake in First Trust Consumer Staples AlphaDEX Fund during the 2nd quarter worth approximately $307,000. Cetera Investment Advisers raised its stake in First Trust Consumer Staples AlphaDEX Fund by 17.5% during the 1st quarter. Cetera Investment Advisers now owns 28,824 shares of the company’s stock worth $1,837,000 after acquiring an additional 4,297 shares during the period. Fifth Third Bancorp purchased a new position in First Trust Consumer Staples AlphaDEX Fund during the first quarter valued at approximately $191,000. Finally, Milestones Private Investment Advisors LLC lifted its holdings in First Trust Consumer Staples AlphaDEX Fund by 2.6% during the first quarter. Milestones Private Investment Advisors LLC now owns 58,095 shares of the company’s stock valued at $3,702,000 after purchasing an additional 1,456 shares in the last quarter.

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.