Short Interest in First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Expands By 159.1%

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 22,516 shares, a growth of 159.1% from the June 15th total of 8,689 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 15,838 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FXG. Stratos Wealth Partners LTD. lifted its holdings in shares of First Trust Consumer Staples AlphaDEX Fund by 2.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,860 shares of the company’s stock worth $416,000 after buying an additional 190 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of First Trust Consumer Staples AlphaDEX Fund by 11.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,132 shares of the company’s stock worth $129,000 after acquiring an additional 215 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in First Trust Consumer Staples AlphaDEX Fund during the fourth quarter worth $25,000. Private Advisor Group LLC increased its position in First Trust Consumer Staples AlphaDEX Fund by 5.7% during the first quarter. Private Advisor Group LLC now owns 8,614 shares of the company’s stock worth $549,000 after acquiring an additional 463 shares during the period. Finally, Kestra Advisory Services LLC raised its stake in First Trust Consumer Staples AlphaDEX Fund by 4.2% during the 1st quarter. Kestra Advisory Services LLC now owns 12,009 shares of the company’s stock valued at $765,000 after purchasing an additional 488 shares during the last quarter.

First Trust Consumer Staples AlphaDEX Fund Stock Performance

NYSEARCA FXG opened at $64.26 on Tuesday. The stock has a 50-day simple moving average of $62.09 and a 200 day simple moving average of $63.75. First Trust Consumer Staples AlphaDEX Fund has a twelve month low of $59.67 and a twelve month high of $69.50. The stock has a market capitalization of $231.34 million, a PE ratio of 15.10 and a beta of 0.49.

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.