First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Stock Short Interest Drops 47.5%

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 11,148 shares, a decline of 47.5% from the August 31st total of 21,229 shares. Based on an average daily trading volume, of 214,051 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On First Trust Utilities AlphaDEX Fund

A number of large investors have recently added to or reduced their stakes in FXU. Envestnet Portfolio Solutions Inc. increased its stake in First Trust Utilities AlphaDEX Fund by 106.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 29,309 shares of the company’s stock worth $1,446,000 after buying an additional 15,136 shares during the period. Integrated Wealth Concepts LLC boosted its position in First Trust Utilities AlphaDEX Fund by 13.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 46,019 shares of the company’s stock valued at $2,271,000 after buying an additional 5,439 shares during the last quarter. Allworth Financial LP boosted its position in First Trust Utilities AlphaDEX Fund by 3,650.0% in the 2nd quarter. Allworth Financial LP now owns 1,500 shares of the company’s stock valued at $74,000 after buying an additional 1,460 shares during the last quarter. Capital Square LLC acquired a new stake in First Trust Utilities AlphaDEX Fund during the 2nd quarter valued at approximately $266,000. Finally, Quantinno Capital Management LP raised its position in shares of First Trust Utilities AlphaDEX Fund by 8.6% in the 1st quarter. Quantinno Capital Management LP now owns 24,988 shares of the company’s stock valued at $1,239,000 after purchasing an additional 1,971 shares in the last quarter.

First Trust Utilities AlphaDEX Fund Stock Down 0.5%

Shares of First Trust Utilities AlphaDEX Fund stock traded down $0.20 during trading hours on Wednesday, hitting $43.92. The company’s stock had a trading volume of 293,255 shares, compared to its average volume of 454,772. The business has a fifty day moving average of $47.22 and a 200 day moving average of $48.44. First Trust Utilities AlphaDEX Fund has a 1-year low of $43.40 and a 1-year high of $51.62. The company has a market capitalization of $724.68 million, a PE ratio of 17.41 and a beta of 0.60.

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.