First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Short Interest Update

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 50,678 shares, a drop of 64.4% from the April 15th total of 142,296 shares. Based on an average trading volume of 283,831 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FXU. Rothschild Investment LLC bought a new position in shares of First Trust Utilities AlphaDEX Fund in the 3rd quarter valued at about $25,000. Blair William & Co. IL grew its position in shares of First Trust Utilities AlphaDEX Fund by 204.2% in the 3rd quarter. Blair William & Co. IL now owns 794 shares of the company’s stock valued at $36,000 after acquiring an additional 533 shares during the period. Smartleaf Asset Management LLC bought a new position in shares of First Trust Utilities AlphaDEX Fund in the 4th quarter valued at about $44,000. Glassman Wealth Services bought a new position in shares of First Trust Utilities AlphaDEX Fund in the 4th quarter valued at about $45,000. Finally, Triumph Capital Management bought a new position in shares of First Trust Utilities AlphaDEX Fund in the 3rd quarter valued at about $46,000.

First Trust Utilities AlphaDEX Fund Trading Up 0.6%

Shares of FXU traded up $0.29 during midday trading on Thursday, reaching $48.15. The stock had a trading volume of 320,916 shares, compared to its average volume of 670,309. The firm has a 50 day simple moving average of $49.51 and a 200-day simple moving average of $47.64. First Trust Utilities AlphaDEX Fund has a one year low of $41.42 and a one year high of $51.62. The firm has a market cap of $869.11 million, a PE ratio of 17.41 and a beta of 0.64.

About First Trust Utilities AlphaDEX Fund

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.