Short Interest in First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Grows By 240.6%

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 22,411 shares, an increase of 240.6% from the April 15th total of 6,580 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 74,977 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FXO. Allspring Global Investments Holdings LLC purchased a new position in First Trust Financials AlphaDEX Fund in the fourth quarter worth about $27,000. Mcguire Capital Advisors Inc. purchased a new position in First Trust Financials AlphaDEX Fund in the fourth quarter worth about $30,000. Russell Investments Group Ltd. grew its position in First Trust Financials AlphaDEX Fund by 279.7% in the second quarter. Russell Investments Group Ltd. now owns 543 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares in the last quarter. Fifth Third Bancorp purchased a new position in First Trust Financials AlphaDEX Fund in the fourth quarter worth about $36,000. Finally, Godfrey Financial Associates Inc. purchased a new position in First Trust Financials AlphaDEX Fund in the fourth quarter worth about $38,000.

First Trust Financials AlphaDEX Fund Price Performance

Shares of First Trust Financials AlphaDEX Fund stock traded up $0.46 during trading on Thursday, reaching $58.53. 48,244 shares of the stock traded hands, compared to its average volume of 336,753. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 12.42 and a beta of 0.97. The business has a fifty day simple moving average of $57.88 and a two-hundred day simple moving average of $59.21. First Trust Financials AlphaDEX Fund has a 52-week low of $52.35 and a 52-week high of $62.44.

About First Trust Financials AlphaDEX Fund

First Trust Financials AlphaDEX Fund (the Fund) is an exchange-traded fund. It seeks investment results that correspond generally to the price and yield of an equity index called the StrataQuant Financials Index (the Index). The StrataQuant Financials 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 StrataQuant Financials Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including three, six 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.