First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Short Interest Update

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 74,521 shares, an increase of 121.2% from the July 15th total of 33,689 shares. Based on an average trading volume of 15,617 shares, the short-interest ratio is presently 4.8 days. Approximately 1.9% of the company’s shares are sold short.

First Trust Consumer Discretionary AlphaDEX Fund Stock Performance

Shares of FXD stock traded down $0.17 during mid-day trading on Friday, hitting $70.84. The company’s stock had a trading volume of 3,458 shares, compared to its average volume of 15,189. The company has a market cap of $272.73 million, a PE ratio of 13.17 and a beta of 1.12. The company’s fifty day simple moving average is $69.51 and its 200-day simple moving average is $67.94. First Trust Consumer Discretionary AlphaDEX Fund has a 52 week low of $61.86 and a 52 week high of $72.50.

Hedge Funds Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 1.3% during the 4th quarter. Wells Fargo & Company MN now owns 502,242 shares of the company’s stock worth $34,338,000 after buying an additional 6,488 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 191,455.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 501,876 shares of the company’s stock valued at $34,313,000 after acquiring an additional 501,614 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of First Trust Consumer Discretionary AlphaDEX Fund by 13.3% during the 3rd quarter. Raymond James Financial Inc. now owns 256,240 shares of the company’s stock valued at $17,481,000 after acquiring an additional 30,127 shares during the period. LPL Financial LLC boosted its stake in First Trust Consumer Discretionary AlphaDEX Fund by 7.2% during the fourth quarter. LPL Financial LLC now owns 171,602 shares of the company’s stock worth $11,732,000 after acquiring an additional 11,457 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in First Trust Consumer Discretionary AlphaDEX Fund by 29.7% during the first quarter. Royal Bank of Canada now owns 141,860 shares of the company’s stock worth $8,213,000 after acquiring an additional 32,471 shares in the last quarter.

About First Trust Consumer Discretionary AlphaDEX Fund

First Trust Consumer Discretionary 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 Discretionary 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.