First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Short Interest Update

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC boosted its holdings in First Trust Financials AlphaDEX Fund by 5.0% during the first quarter. Kestra Private Wealth Services LLC now owns 3,584 shares of the company’s stock worth $201,000 after purchasing an additional 172 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in First Trust Financials AlphaDEX Fund by 2.2% during the third quarter. PNC Financial Services Group Inc. now owns 8,724 shares of the company’s stock worth $518,000 after purchasing an additional 191 shares during the last quarter. KKM Financial LLC boosted its holdings in First Trust Financials AlphaDEX Fund by 1.5% during the third quarter. KKM Financial LLC now owns 13,101 shares of the company’s stock worth $778,000 after purchasing an additional 192 shares during the last quarter. Tudor Financial Inc. boosted its holdings in First Trust Financials AlphaDEX Fund by 1.9% during the fourth quarter. Tudor Financial Inc. now owns 13,757 shares of the company’s stock worth $830,000 after purchasing an additional 263 shares during the last quarter. Finally, HF Advisory Group LLC boosted its holdings in First Trust Financials AlphaDEX Fund by 2.5% during the first quarter. HF Advisory Group LLC now owns 11,566 shares of the company’s stock worth $650,000 after purchasing an additional 286 shares during the last quarter.

First Trust Financials AlphaDEX Fund Price Performance

Shares of NYSEARCA FXO traded down $0.02 during mid-day trading on Friday, reaching $58.49. 120,390 shares of the company’s stock traded hands, compared to its average volume of 311,006. The stock has a market cap of $1.05 billion, a P/E ratio of 12.42 and a beta of 0.97. The business has a 50-day simple moving average of $58.33 and a 200 day simple moving average of $59.33. First Trust Financials AlphaDEX Fund has a 1-year low of $53.13 and a 1-year 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.