Short Interest in First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Grows By 48.9%

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 16,929 shares, an increase of 48.9% from the February 12th total of 11,373 shares. Based on an average daily trading volume, of 24,339 shares, the short-interest ratio is currently 0.7 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 24,339 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of First Trust Consumer Staples AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in First Trust Consumer Staples AlphaDEX Fund by 217.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 35,746 shares of the company’s stock worth $2,262,000 after buying an additional 24,470 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of First Trust Consumer Staples AlphaDEX Fund by 12.9% in the second quarter. Cetera Investment Advisers now owns 29,592 shares of the company’s stock valued at $1,873,000 after acquiring an additional 3,373 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of First Trust Consumer Staples AlphaDEX Fund by 0.7% in the second quarter. Rockefeller Capital Management L.P. now owns 27,089 shares of the company’s stock valued at $1,714,000 after acquiring an additional 191 shares during the period. Tableaux LLC purchased a new position in shares of First Trust Consumer Staples AlphaDEX Fund during the second quarter worth approximately $167,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of First Trust Consumer Staples AlphaDEX Fund by 86.8% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 14,679 shares of the company’s stock valued at $929,000 after acquiring an additional 6,819 shares during the period.

First Trust Consumer Staples AlphaDEX Fund Trading Up 0.1%

NYSEARCA:FXG traded up $0.09 during midday trading on Friday, hitting $64.56. 11,670 shares of the company were exchanged, compared to its average volume of 34,430. The company has a fifty day simple moving average of $65.65 and a 200 day simple moving average of $63.54. First Trust Consumer Staples AlphaDEX Fund has a fifty-two week low of $59.67 and a fifty-two week high of $69.50. The company has a market capitalization of $248.56 million, a PE ratio of 15.10 and a beta of 0.56.

First Trust Consumer Staples AlphaDEX Fund Company Profile

First Trust Consumer Staples 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 Consumer Staples 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.