First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Short Interest Update

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,222 shares, a decline of 75.8% from the July 30th total of 5,053 shares. Based on an average trading volume of 7,422 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

First Trust Consumer Staples AlphaDEX Fund Stock Performance

Shares of NYSEARCA:FXG traded down $1.10 on Thursday, hitting $64.99. 68,853 shares of the company were exchanged, compared to its average volume of 20,595. The company’s 50 day moving average price is $64.36 and its two-hundred day moving average price is $64.21. First Trust Consumer Staples AlphaDEX Fund has a one year low of $59.67 and a one year high of $69.50. The firm has a market capitalization of $227.46 million, a price-to-earnings ratio of 15.10 and a beta of 0.49.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its stake in First Trust Consumer Staples AlphaDEX Fund by 11.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,132 shares of the company’s stock valued at $129,000 after acquiring an additional 215 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in First Trust Consumer Staples AlphaDEX Fund during the fourth quarter worth about $25,000. Private Advisor Group LLC increased its position in First Trust Consumer Staples AlphaDEX Fund by 5.7% during the first quarter. Private Advisor Group LLC now owns 8,614 shares of the company’s stock worth $549,000 after buying an additional 463 shares during the last quarter. Kestra Advisory Services LLC raised its stake in First Trust Consumer Staples AlphaDEX Fund by 4.2% in the first quarter. Kestra Advisory Services LLC now owns 12,009 shares of the company’s stock valued at $765,000 after buying an additional 488 shares during the period. Finally, Park Square Financial Group LLC boosted its stake in shares of First Trust Consumer Staples AlphaDEX Fund by 489.1% during the 4th quarter. Park Square Financial Group LLC now owns 701 shares of the company’s stock worth $45,000 after acquiring an additional 582 shares during the period.

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.