Short Interest in First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Decreases By 42.0%

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 30,764 shares, a decline of 42.0% from the June 15th total of 53,010 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 41,029 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of First Trust Financials AlphaDEX Fund

Several hedge funds have recently bought and sold shares of FXO. Russell Investments Group Ltd. boosted its holdings in shares of First Trust Financials AlphaDEX Fund by 279.7% in the second quarter. Russell Investments Group Ltd. now owns 543 shares of the company’s stock valued at $30,000 after buying an additional 400 shares during the period. Raymond James Financial Inc. lifted its position in First Trust Financials AlphaDEX Fund by 6.6% in the 2nd quarter. Raymond James Financial Inc. now owns 1,044,135 shares of the company’s stock valued at $58,534,000 after acquiring an additional 64,918 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in First Trust Financials AlphaDEX Fund by 2.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 328,983 shares of the company’s stock worth $18,441,000 after purchasing an additional 9,080 shares during the period. Benjamin Edwards Inc. boosted its stake in First Trust Financials AlphaDEX Fund by 30.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 211,051 shares of the company’s stock worth $11,832,000 after purchasing an additional 49,599 shares during the period. Finally, MML Investors Services LLC boosted its stake in First Trust Financials AlphaDEX Fund by 4.6% in the 2nd quarter. MML Investors Services LLC now owns 91,489 shares of the company’s stock worth $5,129,000 after purchasing an additional 4,009 shares during the period.

First Trust Financials AlphaDEX Fund Price Performance

Shares of First Trust Financials AlphaDEX Fund stock traded up $1.00 during trading hours on Thursday, hitting $65.15. The company’s stock had a trading volume of 43,627 shares, compared to its average volume of 249,943. The company has a market capitalization of $1.11 billion, a PE ratio of 12.42 and a beta of 0.94. The stock has a 50 day moving average of $60.85 and a 200 day moving average of $59.87. First Trust Financials AlphaDEX Fund has a 12 month low of $54.40 and a 12 month high of $65.18.

About First Trust Financials AlphaDEX Fund

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.