First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Short Interest Update

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 14,847 shares, a decrease of 64.2% from the July 15th total of 41,430 shares. Based on an average daily volume of 34,769 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

First Trust Financials AlphaDEX Fund Stock Performance

FXO traded up $0.07 during trading on Friday, reaching $66.84. The company had a trading volume of 10,868 shares, compared to its average volume of 221,539. The firm’s 50-day simple moving average is $63.78 and its 200 day simple moving average is $60.57. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 12.42 and a beta of 0.93. First Trust Financials AlphaDEX Fund has a 12-month low of $54.40 and a 12-month high of $67.38.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Trust Co. of Vermont acquired a new stake in shares of First Trust Financials AlphaDEX Fund during the second quarter valued at approximately $26,000. Russell Investments Group Ltd. lifted its position in shares of First Trust Financials AlphaDEX Fund by 279.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 543 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new position in First Trust Financials AlphaDEX Fund in the 4th quarter worth approximately $30,000. Fifth Third Bancorp purchased a new position in First Trust Financials AlphaDEX Fund during the 4th quarter worth approximately $36,000. Finally, Godfrey Financial Associates Inc. purchased a new position in First Trust Financials AlphaDEX Fund during the 4th quarter worth approximately $38,000.

First Trust Financials AlphaDEX Fund Company Profile

First Trust Financials AlphaDEX Fund (the Fund) is an exchange-traded fund. It seeks investment results that correspond generally to the price and yield of an equity index called the StrataQuant Financials Index (the Index). The StrataQuant Financials 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 StrataQuant Financials Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including three, six 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.