First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Sees Large Decline in Short Interest

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 25,656 shares, a drop of 35.6% from the July 30th total of 39,868 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 18,208 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Trading of First Trust Industrials/Producer Durables AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in FXR. Compass Financial Management LLC bought a new position in First Trust Industrials/Producer Durables AlphaDEX Fund in the second quarter worth approximately $62,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the 4th quarter worth $57,000. Hilton Head Capital Partners LLC purchased a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the 4th quarter worth $61,000. Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Industrials/Producer Durables AlphaDEX Fund by 15.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,002 shares of the company’s stock worth $74,000 after purchasing an additional 133 shares during the period. Finally, Western Wealth Management LLC bought a new position in First Trust Industrials/Producer Durables AlphaDEX Fund in the 1st quarter worth $146,000.

First Trust Industrials/Producer Durables AlphaDEX Fund Stock Performance

Shares of NYSEARCA:FXR opened at $85.90 on Thursday. The stock’s 50-day simple moving average is $89.44 and its two-hundred day simple moving average is $87.33. The stock has a market capitalization of $717.26 million, a price-to-earnings ratio of 17.44 and a beta of 1.08. First Trust Industrials/Producer Durables AlphaDEX Fund has a 52-week low of $73.08 and a 52-week high of $92.78.

First Trust Industrials/Producer Durables AlphaDEX Fund Company Profile

First Trust Industrials/Producer Durables 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 Industrials 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.