First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Sees Large Decrease in Short Interest

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 13,399 shares, a drop of 82.0% from the July 30th total of 74,521 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 17,963 shares, the days-to-cover ratio is currently 0.7 days.

First Trust Consumer Discretionary AlphaDEX Fund Price Performance

Shares of FXD traded down $0.17 during trading hours on Wednesday, hitting $69.90. The stock had a trading volume of 3,703 shares, compared to its average volume of 15,042. The stock has a market capitalization of $269.12 million, a price-to-earnings ratio of 13.17 and a beta of 1.12. First Trust Consumer Discretionary AlphaDEX Fund has a 52 week low of $61.86 and a 52 week high of $72.50. The company’s fifty day moving average is $69.69 and its two-hundred day moving average is $67.94.

Hedge Funds Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Several large investors have recently bought and sold shares of the business. Royal Bank of Canada grew its stake in First Trust Consumer Discretionary AlphaDEX Fund by 29.7% in the first quarter. Royal Bank of Canada now owns 141,860 shares of the company’s stock valued at $8,213,000 after acquiring an additional 32,471 shares during the period. Goldman Sachs Group Inc. raised its holdings in First Trust Consumer Discretionary AlphaDEX Fund by 78.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 88,576 shares of the company’s stock worth $5,128,000 after buying an additional 38,953 shares during the period. Creative Planning acquired a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund in the second quarter valued at approximately $299,000. JPMorgan Chase & Co. boosted its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 171.8% in the second quarter. JPMorgan Chase & Co. now owns 58,988 shares of the company’s stock valued at $3,742,000 after buying an additional 37,287 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund during the second quarter worth $3,172,000.

First Trust Consumer Discretionary AlphaDEX Fund Company Profile

First Trust Consumer Discretionary 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 Consumer Discretionary 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.