First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Stock Short Interest Climbs 98.2%

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 67,133 shares, an increase of 98.2% from the October 15th total of 33,876 shares. Based on an average trading volume of 213,247 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC purchased a new position in shares of First Trust Utilities AlphaDEX Fund in the third quarter valued at about $6,259,000. Harbour Investments Inc. purchased a new stake in shares of First Trust Utilities AlphaDEX Fund during the third quarter worth about $3,030,000. Sigma Planning Corp purchased a new stake in shares of First Trust Utilities AlphaDEX Fund during the third quarter worth about $2,591,000. Cetera Investment Advisers grew its position in shares of First Trust Utilities AlphaDEX Fund by 13.5% during the first quarter. Cetera Investment Advisers now owns 335,969 shares of the company’s stock worth $16,661,000 after purchasing an additional 39,872 shares in the last quarter. Finally, Benjamin Edwards Inc. bought a new stake in First Trust Utilities AlphaDEX Fund during the 3rd quarter valued at approximately $1,746,000.

First Trust Utilities AlphaDEX Fund Trading Up 0.7%

FXU stock traded up $0.32 during midday trading on Friday, hitting $48.99. The company’s stock had a trading volume of 223,793 shares, compared to its average volume of 425,314. The company has a market cap of $766.69 million, a PE ratio of 16.95 and a beta of 0.57. First Trust Utilities AlphaDEX Fund has a 12 month low of $43.40 and a 12 month high of $51.62. The firm’s 50-day moving average is $46.47 and its 200-day moving average is $48.29.

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.