Short Interest in First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Decreases By 36.1%

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 57,806 shares, a decrease of 36.1% from the June 30th total of 90,438 shares. Based on an average trading volume of 252,255 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are sold short.

First Trust Utilities AlphaDEX Fund Trading Down 0.7%

FXU stock traded down $0.32 during trading on Thursday, hitting $48.85. 214,300 shares of the company’s stock were exchanged, compared to its average volume of 519,123. The business has a 50-day moving average price of $49.00 and a two-hundred day moving average price of $48.82. The stock has a market capitalization of $830.45 million, a price-to-earnings ratio of 17.41 and a beta of 0.61. First Trust Utilities AlphaDEX Fund has a 52-week low of $43.19 and a 52-week high of $51.62.

Institutional Trading of First Trust Utilities AlphaDEX Fund

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in First Trust Utilities AlphaDEX Fund by 919.6% during the 1st quarter. Royal Bank of Canada now owns 146,985 shares of the company’s stock worth $6,028,000 after acquiring an additional 132,569 shares in the last quarter. Jane Street Group LLC acquired a new position in First Trust Utilities AlphaDEX Fund in the first quarter valued at $832,000. JPMorgan Chase & Co. grew its holdings in shares of First Trust Utilities AlphaDEX Fund by 8.3% during the second quarter. JPMorgan Chase & Co. now owns 3,667 shares of the company’s stock worth $155,000 after purchasing an additional 280 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of First Trust Utilities AlphaDEX Fund during the second quarter worth about $609,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of First Trust Utilities AlphaDEX Fund during the second quarter worth about $840,000.

About First Trust Utilities AlphaDEX Fund

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.