First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Short Interest Update

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 11,295 shares, a drop of 98.5% from the January 15th total of 761,135 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 2,651,696 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 2,651,696 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust Utilities AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in FXU. Leelyn Smith LLC purchased a new stake in shares of First Trust Utilities AlphaDEX Fund during the 2nd quarter worth approximately $372,000. D.A. Davidson & CO. lifted its stake in First Trust Utilities AlphaDEX Fund by 5.1% in the second quarter. D.A. Davidson & CO. now owns 100,169 shares of the company’s stock valued at $4,245,000 after purchasing an additional 4,880 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in First Trust Utilities AlphaDEX Fund during the second quarter valued at $221,000. Daymark Wealth Partners LLC purchased a new stake in First Trust Utilities AlphaDEX Fund in the second quarter worth $1,405,000. Finally, World Investment Advisors increased its position in First Trust Utilities AlphaDEX Fund by 124.5% in the second quarter. World Investment Advisors now owns 97,451 shares of the company’s stock worth $4,130,000 after buying an additional 54,046 shares during the last quarter.

First Trust Utilities AlphaDEX Fund Stock Up 1.6%

FXU stock traded up $0.77 during midday trading on Thursday, hitting $48.94. The company’s stock had a trading volume of 835,638 shares, compared to its average volume of 1,243,115. The stock has a market cap of $851.56 million, a price-to-earnings ratio of 17.41 and a beta of 0.67. The stock’s 50-day moving average price is $45.76 and its 200 day moving average price is $45.59. First Trust Utilities AlphaDEX Fund has a 1 year low of $36.88 and a 1 year high of $49.37.

About First Trust Utilities AlphaDEX Fund

First Trust Utilities 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 Utilities 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.