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

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

First Trust Financials AlphaDEX Fund Stock Performance

Shares of NYSEARCA:FXO traded up $0.04 during midday trading on Thursday, reaching $63.93. The company’s stock had a trading volume of 23,194 shares, compared to its average volume of 198,277. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 12.42 and a beta of 0.93. The firm has a 50 day moving average price of $65.64 and a two-hundred day moving average price of $61.42. First Trust Financials AlphaDEX Fund has a fifty-two week low of $54.40 and a fifty-two week high of $67.38.

Institutional Trading of First Trust Financials AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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. HF Advisory Group LLC grew its position in First Trust Financials AlphaDEX Fund by 1.9% in the 2nd quarter. HF Advisory Group LLC now owns 11,790 shares of the company’s stock valued at $736,000 after purchasing an additional 224 shares during the period. Tudor Financial Inc. increased its stake in First Trust Financials AlphaDEX Fund by 1.9% during the 4th quarter. Tudor Financial Inc. now owns 13,757 shares of the company’s stock valued at $830,000 after purchasing an additional 263 shares in the last quarter. Parkway Wealth Management Group LLC increased its stake in First Trust Financials AlphaDEX Fund by 5.7% during the 1st quarter. Parkway Wealth Management Group LLC now owns 6,123 shares of the company’s stock valued at $360,000 after purchasing an additional 330 shares in the last quarter. Finally, Certified Advisory Corp increased its stake in First Trust Financials AlphaDEX Fund by 1.6% during the 1st quarter. Certified Advisory Corp now owns 23,203 shares of the company’s stock valued at $1,304,000 after purchasing an additional 359 shares in the last quarter.

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.