First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Sees Significant Decrease in Short Interest

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 30,764 shares, a drop of 42.0% from the June 15th total of 53,010 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 41,029 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On First Trust Financials AlphaDEX Fund

Hedge funds have recently made changes to their positions in the stock. Register Financial Advisors LLC raised its holdings in First Trust Financials AlphaDEX Fund by 5.3% in the 4th quarter. Register Financial Advisors LLC now owns 6,424 shares of the company’s stock valued at $388,000 after buying an additional 326 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in First Trust Financials AlphaDEX Fund during the 4th quarter worth approximately $83,000. Sound Income Strategies LLC bought a new stake in First Trust Financials AlphaDEX Fund during the 4th quarter worth approximately $243,000. Thurston Springer Miller Herd & Titak Inc. increased its position in First Trust Financials AlphaDEX Fund by 282.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,097 shares of the company’s stock valued at $247,000 after acquiring an additional 3,025 shares during the period. Finally, Genesee Capital Advisors LLC increased its position in First Trust Financials AlphaDEX Fund by 7.9% in the 4th quarter. Genesee Capital Advisors LLC now owns 35,994 shares of the company’s stock valued at $2,172,000 after acquiring an additional 2,650 shares during the period.

First Trust Financials AlphaDEX Fund Stock Down 0.1%

Shares of FXO stock opened at $65.11 on Friday. The firm has a fifty day moving average of $61.09 and a 200-day moving average of $59.93. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 12.42 and a beta of 0.94. First Trust Financials AlphaDEX Fund has a 12-month low of $54.40 and a 12-month high of $65.75.

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.