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

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 14,847 shares, a decline of 64.2% from the July 15th total of 41,430 shares. Based on an average daily volume of 34,769 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of First Trust Financials AlphaDEX Fund

Institutional investors have recently made changes to their positions in the stock. AlphaCore Capital LLC acquired a new position in First Trust Financials AlphaDEX Fund in the fourth quarter worth approximately $105,000. Western Wealth Management LLC increased its holdings in shares of First Trust Financials AlphaDEX Fund by 33.6% in the fourth quarter. Western Wealth Management LLC now owns 50,563 shares of the company’s stock valued at $3,051,000 after buying an additional 12,703 shares in the last quarter. Allworth Financial LP lifted its position in shares of First Trust Financials AlphaDEX Fund by 57.0% during the 4th quarter. Allworth Financial LP now owns 3,924 shares of the company’s stock valued at $237,000 after acquiring an additional 1,424 shares during the last quarter. Englebert Financial Advisers LLC acquired a new stake in shares of First Trust Financials AlphaDEX Fund during the 4th quarter valued at $627,000. Finally, International Assets Investment Management LLC boosted its stake in shares of First Trust Financials AlphaDEX Fund by 2.1% during the 4th quarter. International Assets Investment Management LLC now owns 26,559 shares of the company’s stock worth $1,603,000 after acquiring an additional 558 shares in the last quarter.

First Trust Financials AlphaDEX Fund Trading Up 0.1%

FXO stock traded up $0.07 during trading on Friday, hitting $66.84. The company had a trading volume of 10,868 shares, compared to its average volume of 221,539. The business has a 50 day moving average of $63.78 and a 200 day moving average of $60.57. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 12.42 and a beta of 0.93. First Trust Financials AlphaDEX Fund has a fifty-two week low of $54.40 and a fifty-two week high of $67.38.

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.