First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Short Interest Down 98.5% in January

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FXU. WCG Wealth Advisors LLC raised its holdings in First Trust Utilities AlphaDEX Fund by 172.5% in the 4th quarter. WCG Wealth Advisors LLC now owns 371,681 shares of the company’s stock valued at $16,730,000 after acquiring an additional 235,296 shares during the period. Beto Financial Group LLC acquired a new position in shares of First Trust Utilities AlphaDEX Fund in the fourth quarter valued at approximately $490,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of First Trust Utilities AlphaDEX Fund by 15.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 133,721 shares of the company’s stock worth $6,019,000 after purchasing an additional 18,044 shares during the period. Foundations Investment Advisors LLC increased its stake in shares of First Trust Utilities AlphaDEX Fund by 1.5% during the fourth quarter. Foundations Investment Advisors LLC now owns 92,703 shares of the company’s stock worth $4,173,000 after purchasing an additional 1,380 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in First Trust Utilities AlphaDEX Fund by 7.1% during the 4th quarter. Harbour Investments Inc. now owns 7,953 shares of the company’s stock worth $358,000 after purchasing an additional 530 shares during the last quarter.

First Trust Utilities AlphaDEX Fund Price Performance

FXU stock traded up $0.67 during midday trading on Tuesday, reaching $47.69. 639,734 shares of the company were exchanged, compared to its average volume of 1,285,772. First Trust Utilities AlphaDEX Fund has a one year low of $36.88 and a one year high of $48.01. The firm has a market capitalization of $829.81 million, a price-to-earnings ratio of 17.41 and a beta of 0.67. The business has a 50-day moving average price of $45.65 and a two-hundred day moving average price of $45.55.

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.