First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Short Interest Down 64.2% in July

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 14,847 shares, a decline of 64.2% from the July 15th total of 41,430 shares. Based on an average trading volume of 34,769 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

First Trust Financials AlphaDEX Fund Stock Performance

FXO stock traded up $0.10 during trading on Friday, hitting $66.87. 19,195 shares of the company traded hands, compared to its average volume of 221,601. The company has a 50-day moving average of $63.93 and a 200-day moving average of $60.61. First Trust Financials AlphaDEX Fund has a 1 year low of $54.40 and a 1 year high of $67.38. The firm has a market capitalization of $1.15 billion, a PE ratio of 12.42 and a beta of 0.93.

Institutional Trading of First Trust Financials AlphaDEX Fund

Institutional investors have recently modified their holdings of the company. Earned Wealth Advisors LLC purchased a new position in First Trust Financials AlphaDEX Fund during the 4th quarter valued at about $15,312,000. WCG Wealth Advisors LLC lifted its stake in First Trust Financials AlphaDEX Fund by 180.8% in the fourth quarter. WCG Wealth Advisors LLC now owns 294,887 shares of the company’s stock worth $17,797,000 after acquiring an additional 189,857 shares during the period. Perryman Financial Advisory Inc. AD bought a new stake in First Trust Financials AlphaDEX Fund in the fourth quarter valued at $9,376,000. Raymond James Financial Inc. boosted its holdings in First Trust Financials AlphaDEX Fund by 8.9% in the third quarter. Raymond James Financial Inc. now owns 1,137,366 shares of the company’s stock valued at $67,548,000 after acquiring an additional 93,231 shares in the last quarter. Finally, Arkadios Wealth Advisors bought a new stake in First Trust Financials AlphaDEX Fund in the fourth quarter valued at $3,127,000.

First Trust Financials AlphaDEX Fund Company Profile

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.