First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Sees Significant Increase in Short Interest

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 43,924 shares, an increase of 294.0% from the September 15th total of 11,148 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 208,176 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Utilities AlphaDEX Fund Price Performance

Shares of FXU opened at $45.93 on Tuesday. The company has a market cap of $746.36 million, a PE ratio of 17.41 and a beta of 0.59. The firm has a 50-day moving average of $46.53 and a 200-day moving average of $48.18. First Trust Utilities AlphaDEX Fund has a one year low of $43.40 and a one year high of $51.62.

Hedge Funds Weigh In On First Trust Utilities AlphaDEX Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of FXU. Envestnet Portfolio Solutions Inc. increased its position in First Trust Utilities AlphaDEX Fund by 106.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 29,309 shares of the company’s stock worth $1,446,000 after buying an additional 15,136 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of First Trust Utilities AlphaDEX Fund by 13.4% in the second quarter. Integrated Wealth Concepts LLC now owns 46,019 shares of the company’s stock valued at $2,271,000 after buying an additional 5,439 shares during the last quarter. Allworth Financial LP lifted its position in shares of First Trust Utilities AlphaDEX Fund by 3,650.0% in the second quarter. Allworth Financial LP now owns 1,500 shares of the company’s stock valued at $74,000 after buying an additional 1,460 shares during the last quarter. Capital Square LLC acquired a new stake in shares of First Trust Utilities AlphaDEX Fund in the second quarter valued at approximately $266,000. Finally, Quantinno Capital Management LP boosted its stake in shares of First Trust Utilities AlphaDEX Fund by 8.6% during the 1st quarter. Quantinno Capital Management LP now owns 24,988 shares of the company’s stock worth $1,239,000 after acquiring an additional 1,971 shares during the period.

First Trust Utilities AlphaDEX Fund Company Profile

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.