First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Sees Large Growth in Short Interest

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 22,382 shares, an increase of 2,221.8% from the August 31st total of 964 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 11,026 shares, the short-interest ratio is currently 2.0 days.

Institutional Trading of First Trust Consumer Staples AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in FXG. Worthington Financial Partners LLC bought a new stake in First Trust Consumer Staples AlphaDEX Fund in the fourth quarter worth approximately $514,000. Ameritas Advisory Services LLC bought a new stake in First Trust Consumer Staples AlphaDEX Fund in the second quarter worth $307,000. Cetera Investment Advisers increased its position in First Trust Consumer Staples AlphaDEX Fund by 17.5% during the first quarter. Cetera Investment Advisers now owns 28,824 shares of the company’s stock worth $1,837,000 after buying an additional 4,297 shares during the last quarter. Fifth Third Bancorp bought a new position in First Trust Consumer Staples AlphaDEX Fund during the first quarter valued at about $191,000. Finally, Milestones Private Investment Advisors LLC raised its holdings in First Trust Consumer Staples AlphaDEX Fund by 2.6% during the first 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 in the last quarter.

First Trust Consumer Staples AlphaDEX Fund Trading Down 1.4%

FXG stock traded down $0.82 during mid-day trading on Thursday, hitting $58.71. The stock had a trading volume of 8,291 shares, compared to its average volume of 19,716. First Trust Consumer Staples AlphaDEX Fund has a 1-year low of $58.63 and a 1-year high of $69.50. The company has a fifty day moving average of $64.31 and a 200 day moving average of $63.50. The stock has a market capitalization of $205.49 million, a price-to-earnings ratio of 15.10 and a beta of 0.49.

First Trust Consumer Staples AlphaDEX Fund Company Profile

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.