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

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 2,427 shares, a decrease of 67.3% from the December 15th total of 7,422 shares. Based on an average trading volume of 21,730 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 21,730 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of First Trust Consumer Staples AlphaDEX Fund

Hedge funds have recently bought and sold shares of the company. Vestmark Advisory Solutions Inc. purchased a new position in shares of First Trust Consumer Staples AlphaDEX Fund in the second quarter worth approximately $12,496,000. Bank of America Corp DE boosted its stake in First Trust Consumer Staples AlphaDEX Fund by 5.3% in the 3rd quarter. Bank of America Corp DE now owns 85,842 shares of the company’s stock worth $5,380,000 after purchasing an additional 4,314 shares during the period. Independent Advisor Alliance grew its position in First Trust Consumer Staples AlphaDEX Fund by 11.4% during the 3rd quarter. Independent Advisor Alliance now owns 76,614 shares of the company’s stock worth $4,801,000 after purchasing an additional 7,833 shares in the last quarter. Milestones Private Investment Advisors LLC grew its position in First Trust Consumer Staples AlphaDEX Fund by 0.5% during the 3rd quarter. Milestones Private Investment Advisors LLC now owns 49,852 shares of the company’s stock worth $3,124,000 after purchasing an additional 254 shares in the last quarter. Finally, UBS Group AG raised its stake in First Trust Consumer Staples AlphaDEX Fund by 89.9% during the 3rd quarter. UBS Group AG now owns 36,631 shares of the company’s stock valued at $2,296,000 after purchasing an additional 17,346 shares during the period.

First Trust Consumer Staples AlphaDEX Fund Trading Up 1.9%

Shares of NYSEARCA FXG traded up $1.19 during mid-day trading on Wednesday, reaching $63.70. The company had a trading volume of 19,732 shares, compared to its average volume of 29,570. The company has a 50-day moving average price of $61.56 and a two-hundred day moving average price of $62.86. The stock has a market cap of $264.36 million, a PE ratio of 15.10 and a beta of 0.56. First Trust Consumer Staples AlphaDEX Fund has a 1-year low of $59.67 and a 1-year high of $66.68.

About First Trust Consumer Staples AlphaDEX Fund

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.