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

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 11,373 shares, a decrease of 24.8% from the January 29th total of 15,128 shares. Based on an average trading volume of 32,249 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 32,249 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Consumer Staples AlphaDEX Fund Stock Down 0.8%

Shares of FXG stock traded down $0.54 during trading hours on Monday, hitting $68.84. 25,280 shares of the company’s stock traded hands, compared to its average volume of 36,505. The stock has a market cap of $265.03 million, a PE ratio of 15.10 and a beta of 0.56. The stock’s 50 day simple moving average is $64.60 and its 200 day simple moving average is $63.45. First Trust Consumer Staples AlphaDEX Fund has a 12 month low of $59.67 and a 12 month high of $69.50.

Institutional Investors Weigh In On First Trust Consumer Staples AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in FXG. Northwestern Mutual Wealth Management Co. grew its holdings in First Trust Consumer Staples AlphaDEX Fund by 12,768.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 246,681 shares of the company’s stock worth $14,969,000 after acquiring an additional 244,764 shares during the period. Vestmark Advisory Solutions Inc. bought a new stake in shares of First Trust Consumer Staples AlphaDEX Fund during the 2nd quarter valued at about $12,496,000. Milestones Private Investment Advisors LLC acquired a new stake in First Trust Consumer Staples AlphaDEX Fund during the second quarter worth approximately $3,139,000. Osaic Holdings Inc. grew its stake in First Trust Consumer Staples AlphaDEX Fund by 110.1% during the fourth quarter. Osaic Holdings Inc. now owns 52,722 shares of the company’s stock worth $3,199,000 after purchasing an additional 27,627 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of First Trust Consumer Staples AlphaDEX Fund by 217.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 35,746 shares of the company’s stock valued at $2,262,000 after acquiring an additional 24,470 shares in the last quarter.

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.