First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Sees Significant Growth in Short Interest

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 123,423 shares, a growth of 2,677.3% from the June 15th total of 4,444 shares. Based on an average daily trading volume, of 66,541 shares, the short-interest ratio is presently 1.9 days. Currently, 1.5% of the shares of the company are sold short.

Institutional Trading of First Trust Industrials/Producer Durables AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Silver Oak Securities Incorporated lifted its holdings in First Trust Industrials/Producer Durables AlphaDEX Fund by 2.8% during the 1st quarter. Silver Oak Securities Incorporated now owns 4,888 shares of the company’s stock worth $399,000 after purchasing an additional 133 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in First Trust Industrials/Producer Durables AlphaDEX Fund by 15.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,002 shares of the company’s stock valued at $74,000 after buying an additional 133 shares in the last quarter. Prosperity Consulting Group LLC increased its position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 1.1% during the third quarter. Prosperity Consulting Group LLC now owns 15,887 shares of the company’s stock valued at $1,240,000 after buying an additional 168 shares during the period. Transamerica Financial Advisors LLC increased its position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 1.0% during the second quarter. Transamerica Financial Advisors LLC now owns 30,926 shares of the company’s stock valued at $2,295,000 after buying an additional 311 shares during the period. Finally, Cornerstone Wealth Management LLC lifted its holdings in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 6.6% in the fourth quarter. Cornerstone Wealth Management LLC now owns 5,108 shares of the company’s stock worth $408,000 after buying an additional 317 shares in the last quarter.

First Trust Industrials/Producer Durables AlphaDEX Fund Stock Performance

FXR stock traded up $0.25 during midday trading on Friday, reaching $88.93. 17,127 shares of the company’s stock traded hands, compared to its average volume of 59,456. The firm has a market capitalization of $733.67 million, a PE ratio of 17.44 and a beta of 1.07. The company has a 50-day moving average price of $87.47 and a two-hundred day moving average price of $86.28. First Trust Industrials/Producer Durables AlphaDEX Fund has a 52 week low of $73.08 and a 52 week high of $92.78.

First Trust Industrials/Producer Durables AlphaDEX Fund Company Profile

First Trust Industrials/Producer Durables 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 Industrials 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.