First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Stock Short Interest Climbs 284.0%

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 5,891 shares, a growth of 284.0% from the September 30th total of 1,534 shares. Based on an average daily volume of 15,243 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust Consumer Staples AlphaDEX Fund

A number of large investors have recently added to or reduced their stakes in FXG. Ameritas Advisory Services LLC acquired a new stake in First Trust Consumer Staples AlphaDEX Fund in the 2nd quarter valued at approximately $307,000. Cetera Investment Advisers increased its position in shares of First Trust Consumer Staples AlphaDEX Fund by 17.5% during the 1st quarter. Cetera Investment Advisers now owns 28,824 shares of the company’s stock worth $1,837,000 after purchasing an additional 4,297 shares during the last quarter. Milestones Private Investment Advisors LLC boosted its holdings in shares of First Trust Consumer Staples AlphaDEX Fund by 2.6% in the 1st quarter. Milestones Private Investment Advisors LLC now owns 58,095 shares of the company’s stock valued at $3,702,000 after buying an additional 1,456 shares during the last quarter. Fifth Third Bancorp acquired a new position in First Trust Consumer Staples AlphaDEX Fund during the first quarter worth $191,000. Finally, Kestra Advisory Services LLC raised its position in First Trust Consumer Staples AlphaDEX Fund by 4.2% during the first quarter. Kestra Advisory Services LLC now owns 12,009 shares of the company’s stock worth $765,000 after acquiring an additional 488 shares in the last quarter.

First Trust Consumer Staples AlphaDEX Fund Trading Up 1.5%

Shares of FXG stock traded up $0.90 during trading hours on Friday, hitting $61.88. 3,860 shares of the company were exchanged, compared to its average volume of 19,097. First Trust Consumer Staples AlphaDEX Fund has a 52 week low of $57.29 and a 52 week high of $69.50. The business has a 50 day moving average of $61.82 and a two-hundred day moving average of $63.61. The company has a market capitalization of $210.39 million, a PE ratio of 15.10 and a beta of 0.50.

About First Trust Consumer Staples AlphaDEX Fund

First Trust Consumer Staples 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 Staples 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.