First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Short Interest Update
by Tristan Rich · The Markets DailyFirst Trust Financials AlphaDEX Fund (NYSEARCA:FXO – Get Free Report) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 10,452 shares, a growth of 67.3% from the May 14th total of 6,247 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 78,869 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of FXO. Allspring Global Investments Holdings LLC acquired a new stake in shares of First Trust Financials AlphaDEX Fund during the 4th quarter valued at $27,000. Russell Investments Group Ltd. increased its holdings in First Trust Financials AlphaDEX Fund by 279.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 543 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new position in First Trust Financials AlphaDEX Fund in the 4th quarter worth about $30,000. Fifth Third Bancorp bought a new position in First Trust Financials AlphaDEX Fund in the fourth quarter valued at about $36,000. Finally, Godfrey Financial Associates Inc. bought a new position in First Trust Financials AlphaDEX Fund in the fourth quarter valued at about $38,000.
First Trust Financials AlphaDEX Fund Price Performance
FXO stock traded down $0.23 during trading on Monday, reaching $61.09. 44,951 shares of the company were exchanged, compared to its average volume of 286,503. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 12.42 and a beta of 0.94. The company has a 50-day moving average of $59.08 and a two-hundred day moving average of $59.46. First Trust Financials AlphaDEX Fund has a twelve month low of $53.13 and a twelve month high of $62.44.
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.