First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Short Interest Down 64.4% in April

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 50,678 shares, a decline of 64.4% from the April 15th total of 142,296 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 283,831 shares, the short-interest ratio is presently 0.2 days.

First Trust Utilities AlphaDEX Fund Price Performance

NYSEARCA FXU traded down $0.98 during midday trading on Friday, hitting $47.17. 466,285 shares of the company traded hands, compared to its average volume of 668,115. The company has a market cap of $851.42 million, a PE ratio of 17.41 and a beta of 0.64. The company’s 50-day simple moving average is $49.44 and its 200-day simple moving average is $47.63. First Trust Utilities AlphaDEX Fund has a 52 week low of $41.42 and a 52 week high of $51.62.

Institutional Investors Weigh In On First Trust Utilities AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP raised its holdings in First Trust Utilities AlphaDEX Fund by 5.3% in the fourth quarter. First Trust Advisors LP now owns 16,901,242 shares of the company’s stock worth $760,725,000 after purchasing an additional 849,177 shares in the last quarter. Morgan Stanley raised its stake in shares of First Trust Utilities AlphaDEX Fund by 7.2% during the 4th quarter. Morgan Stanley now owns 3,172,178 shares of the company’s stock worth $142,780,000 after acquiring an additional 213,428 shares in the last quarter. LPL Financial LLC raised its stake in shares of First Trust Utilities AlphaDEX Fund by 8.5% during the 4th quarter. LPL Financial LLC now owns 1,707,256 shares of the company’s stock worth $76,844,000 after acquiring an additional 134,092 shares in the last quarter. Raymond James Financial Inc. lifted its position in First Trust Utilities AlphaDEX Fund by 13.0% during the third quarter. Raymond James Financial Inc. now owns 932,394 shares of the company’s stock valued at $42,377,000 after acquiring an additional 107,425 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in First Trust Utilities AlphaDEX Fund by 10.9% during the third quarter. Bank of America Corp DE now owns 861,617 shares of the company’s stock valued at $39,161,000 after acquiring an additional 84,697 shares during the last quarter.

About First Trust Utilities AlphaDEX Fund

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.