First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Sees Unusually-High Trading Volume – Here’s Why

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) shares saw strong trading volume on Wednesday . 657,447 shares were traded during trading, an increase of 64% from the previous session’s volume of 400,041 shares.The stock last traded at $46.2350 and had previously closed at $46.13.

First Trust Utilities AlphaDEX Fund Stock Up 0.6%

The stock has a market cap of $1.81 billion, a PE ratio of 17.41 and a beta of 0.67. The stock has a fifty day moving average of $45.67 and a 200-day moving average of $45.17.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FXU. Royal Bank of Canada lifted its holdings in shares of First Trust Utilities AlphaDEX Fund by 919.6% during the first quarter. Royal Bank of Canada now owns 146,985 shares of the company’s stock worth $6,028,000 after purchasing an additional 132,569 shares during the period. Jane Street Group LLC purchased a new position in First Trust Utilities AlphaDEX Fund during the 1st quarter worth $832,000. Farther Finance Advisors LLC lifted its stake in shares of First Trust Utilities AlphaDEX Fund by 4.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 9,756 shares of the company’s stock worth $413,000 after acquiring an additional 372 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of First Trust Utilities AlphaDEX Fund in the 2nd quarter worth $2,239,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of First Trust Utilities AlphaDEX Fund by 37.6% during the second quarter. Janney Montgomery Scott LLC now owns 135,018 shares of the company’s stock worth $5,722,000 after acquiring an additional 36,879 shares during the period.

First Trust Utilities AlphaDEX Fund Company Profile

First Trust Utilities 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 Utilities 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.