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

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 10,452 shares, an increase of 67.3% from the May 14th total of 6,247 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 78,869 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Financials AlphaDEX Fund Trading Down 0.4%

FXO traded down $0.23 during trading on Monday, reaching $61.09. 44,951 shares of the company’s stock were exchanged, compared to its average volume of 286,503. First Trust Financials AlphaDEX Fund has a one year low of $53.13 and a one year high of $62.44. The stock has a market capitalization of $1.09 billion, a PE ratio of 12.42 and a beta of 0.94. The firm has a fifty day moving average price of $59.08 and a two-hundred day moving average price of $59.46.

Institutional Trading of First Trust Financials AlphaDEX Fund

Institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new stake in First Trust Financials AlphaDEX Fund in the fourth quarter valued at $27,000. Russell Investments Group Ltd. lifted its holdings in First Trust Financials AlphaDEX Fund by 279.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 543 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in shares of First Trust Financials AlphaDEX Fund in the 4th quarter valued at about $30,000. Fifth Third Bancorp acquired a new stake in shares of First Trust Financials AlphaDEX Fund in the fourth quarter valued at about $36,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in shares of First Trust Financials AlphaDEX Fund in the fourth quarter valued at about $38,000.

About First Trust Financials AlphaDEX Fund

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.