First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Short Interest Update

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 66,709 shares, a decline of 20.9% from the December 31st total of 84,288 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average daily volume of 31,761 shares, the short-interest ratio is presently 2.1 days. Based on an average daily volume of 31,761 shares, the short-interest ratio is presently 2.1 days. Currently, 1.5% of the shares of the company are short sold.

First Trust Consumer Discretionary AlphaDEX Fund Stock Down 0.1%

Shares of FXD traded down $0.10 during mid-day trading on Tuesday, hitting $69.66. 11,892 shares of the company’s stock were exchanged, compared to its average volume of 24,500. First Trust Consumer Discretionary AlphaDEX Fund has a 52 week low of $49.83 and a 52 week high of $72.35. The stock’s 50-day simple moving average is $69.50 and its 200-day simple moving average is $67.80. The firm has a market cap of $316.95 million, a price-to-earnings ratio of 13.17 and a beta of 1.20.

Hedge Funds Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FXD. Creative Capital Management Investments LLC bought a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund during the 2nd quarter valued at $25,000. Ameritas Advisory Services LLC bought a new stake in First Trust Consumer Discretionary AlphaDEX Fund during the second quarter worth about $59,000. Sound Income Strategies LLC bought a new stake in First Trust Consumer Discretionary AlphaDEX Fund during the fourth quarter worth about $121,000. Natural Investments LLC acquired a new stake in First Trust Consumer Discretionary AlphaDEX Fund during the third quarter worth about $140,000. Finally, IFP Advisors Inc increased its holdings in First Trust Consumer Discretionary AlphaDEX Fund by 21.5% in the 2nd quarter. IFP Advisors Inc now owns 2,717 shares of the company’s stock valued at $172,000 after buying an additional 480 shares during the period.

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.