Short Interest in First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Drops By 57.7%

by · The Cerbat Gem

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU – Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 30,864 shares, a decline of 57.7% from the July 30th total of 72,946 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 307,427 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of First Trust Utilities AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of FXU. First Trust Advisors LP grew its stake in First Trust Utilities AlphaDEX Fund by 5.3% in the 4th quarter. First Trust Advisors LP now owns 16,901,242 shares of the company’s stock worth $760,725,000 after buying an additional 849,177 shares in the last quarter. Raymond James Financial Inc. grew its position in First Trust Utilities AlphaDEX Fund by 86.0% during the second quarter. Raymond James Financial Inc. now owns 824,969 shares of the company’s stock valued at $34,962,000 after acquiring an additional 381,462 shares during the last quarter. &PARTNERS purchased a new position in shares of First Trust Utilities AlphaDEX Fund during the fourth quarter worth approximately $11,840,000. WCG Wealth Advisors LLC raised its stake in shares of First Trust Utilities AlphaDEX Fund by 172.5% during the fourth quarter. WCG Wealth Advisors LLC now owns 371,681 shares of the company’s stock worth $16,730,000 after acquiring an additional 235,296 shares in the last quarter. Finally, Rockport Wealth LLC lifted its holdings in shares of First Trust Utilities AlphaDEX Fund by 3,195.9% in the 1st quarter. Rockport Wealth LLC now owns 228,438 shares of the company’s stock worth $11,326,000 after acquiring an additional 221,507 shares during the last quarter.

First Trust Utilities AlphaDEX Fund Stock Performance

NYSEARCA FXU traded down $0.47 during trading on Friday, hitting $47.34. 223,111 shares of the company’s stock traded hands, compared to its average volume of 486,719. The business has a 50 day moving average of $48.99 and a 200-day moving average of $49.10. First Trust Utilities AlphaDEX Fund has a 12-month low of $43.19 and a 12-month high of $51.62. The stock has a market capitalization of $811.88 million, a price-to-earnings ratio of 17.41 and a beta of 0.61.

First Trust Utilities AlphaDEX Fund Company Profile

(Get Free Report)

First Trust Utilities 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 Utilities 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.

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