First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Short Interest Update

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 10,772 shares, a decrease of 42.5% from the August 15th total of 18,724 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 43,661 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust Financials AlphaDEX Fund

Several large investors have recently made changes to their positions in the company. IFP Advisors Inc raised its holdings in First Trust Financials AlphaDEX Fund by 1.7% during the second quarter. IFP Advisors Inc now owns 23,208 shares of the company’s stock worth $1,450,000 after purchasing an additional 385 shares in the last quarter. Ameritas Advisory Services LLC lifted its position in First Trust Financials AlphaDEX Fund by 62.1% in the second quarter. Ameritas Advisory Services LLC now owns 17,083 shares of the company’s stock worth $1,067,000 after purchasing an additional 6,547 shares during the period. Concurrent Investment Advisors LLC boosted its stake in First Trust Financials AlphaDEX Fund by 1.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 32,847 shares of the company’s stock valued at $2,052,000 after purchasing an additional 553 shares in the last quarter. Trust Co. of Vermont bought a new position in First Trust Financials AlphaDEX Fund during the 2nd quarter valued at $26,000. Finally, HF Advisory Group LLC increased its position in shares of First Trust Financials AlphaDEX Fund by 1.9% during the 2nd quarter. HF Advisory Group LLC now owns 11,790 shares of the company’s stock valued at $736,000 after purchasing an additional 224 shares during the period.

First Trust Financials AlphaDEX Fund Price Performance

Shares of FXO stock traded down $0.87 during trading hours on Wednesday, reaching $63.89. The stock had a trading volume of 27,986 shares, compared to its average volume of 199,267. The firm has a market capitalization of $1.10 billion, a PE ratio of 12.42 and a beta of 0.93. The firm has a 50-day simple moving average of $65.63 and a 200-day simple moving average of $61.40. First Trust Financials AlphaDEX Fund has a twelve month low of $54.40 and a twelve month high of $67.38.

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.