Short Interest in First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Drops By 72.1%

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 6,247 shares, a decline of 72.1% from the April 30th total of 22,411 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 62,157 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Financials AlphaDEX Fund Price Performance

FXO opened at $58.51 on Friday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 12.42 and a beta of 0.97. The business has a 50-day moving average of $58.27 and a two-hundred day moving average of $59.33. First Trust Financials AlphaDEX Fund has a 12 month low of $53.13 and a 12 month high of $62.44.

Institutional Trading of First Trust Financials AlphaDEX Fund

A number of institutional investors have recently modified their holdings of FXO. Earned Wealth Advisors LLC purchased a new stake in shares of First Trust Financials AlphaDEX Fund during the 4th quarter worth about $15,312,000. WCG Wealth Advisors LLC grew its holdings in shares of First Trust Financials AlphaDEX Fund by 180.8% during the 4th quarter. WCG Wealth Advisors LLC now owns 294,887 shares of the company’s stock worth $17,797,000 after purchasing an additional 189,857 shares during the period. Perryman Financial Advisory Inc. AD purchased a new stake in shares of First Trust Financials AlphaDEX Fund during the 4th quarter worth about $9,376,000. Raymond James Financial Inc. grew its holdings in shares of First Trust Financials AlphaDEX Fund by 8.9% during the 3rd quarter. Raymond James Financial Inc. now owns 1,137,366 shares of the company’s stock worth $67,548,000 after purchasing an additional 93,231 shares during the period. Finally, Arkadios Wealth Advisors purchased a new stake in shares of First Trust Financials AlphaDEX Fund during the 4th quarter worth about $3,127,000.

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.