First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Sees Significant Increase in Short Interest

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 16,929 shares, a growth of 48.9% from the February 12th total of 11,373 shares. Based on an average trading volume of 24,339 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 24,339 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FXG. Hilton Head Capital Partners LLC bought a new position in First Trust Consumer Staples AlphaDEX Fund during the 4th quarter worth $25,000. Park Square Financial Group LLC increased its position in First Trust Consumer Staples AlphaDEX Fund by 489.1% in the fourth quarter. Park Square Financial Group LLC now owns 701 shares of the company’s stock worth $45,000 after buying an additional 582 shares during the period. Founders Financial Alliance LLC bought a new stake in First Trust Consumer Staples AlphaDEX Fund in the third quarter valued at $45,000. Wilmington Savings Fund Society FSB bought a new stake in First Trust Consumer Staples AlphaDEX Fund in the third quarter valued at $49,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of First Trust Consumer Staples AlphaDEX Fund by 1,336.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,307 shares of the company’s stock valued at $79,000 after acquiring an additional 1,216 shares during the period.

First Trust Consumer Staples AlphaDEX Fund Stock Up 0.1%

Shares of FXG stock opened at $64.56 on Friday. The company has a market cap of $248.56 million, a P/E ratio of 15.10 and a beta of 0.56. The business has a 50 day moving average of $65.65 and a two-hundred day moving average of $63.55. First Trust Consumer Staples AlphaDEX Fund has a 52 week low of $59.67 and a 52 week high of $69.50.

About First Trust Consumer Staples AlphaDEX Fund

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.