First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Sees Large Drop in Short Interest

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 39,868 shares, a decline of 41.6% from the July 15th total of 68,243 shares. Based on an average trading volume of 28,289 shares, the short-interest ratio is presently 1.4 days. Approximately 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On First Trust Industrials/Producer Durables AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund during the 4th quarter valued at about $57,000. Hilton Head Capital Partners LLC purchased a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund in the fourth quarter worth approximately $61,000. Compass Financial Management LLC purchased a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund in the second quarter worth approximately $62,000. Northwestern Mutual Wealth Management Co. grew its position in First Trust Industrials/Producer Durables AlphaDEX Fund by 15.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,002 shares of the company’s stock valued at $74,000 after acquiring an additional 133 shares during the last quarter. Finally, Western Wealth Management LLC bought a new position in First Trust Industrials/Producer Durables AlphaDEX Fund during the first quarter valued at approximately $146,000.

First Trust Industrials/Producer Durables AlphaDEX Fund Price Performance

FXR opened at $91.99 on Monday. The stock has a market cap of $768.12 million, a PE ratio of 17.44 and a beta of 1.08. First Trust Industrials/Producer Durables AlphaDEX Fund has a 52 week low of $73.08 and a 52 week high of $92.78. The business’s fifty day simple moving average is $89.25 and its 200 day simple moving average is $87.31.

First Trust Industrials/Producer Durables AlphaDEX Fund Company Profile

First Trust Industrials/Producer Durables 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 Industrials 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.