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

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 39,868 shares, a drop of 41.6% from the July 15th total of 68,243 shares. Based on an average daily volume of 28,289 shares, the short-interest ratio is presently 1.4 days. Currently, 0.5% of the company’s shares are short sold.

First Trust Industrials/Producer Durables AlphaDEX Fund Price Performance

Shares of NYSEARCA:FXR opened at $91.99 on Monday. The stock has a market cap of $768.12 million, a PE ratio of 17.44 and a beta of 1.08. The company’s fifty day moving average is $89.25 and its 200 day moving average is $87.31. First Trust Industrials/Producer Durables AlphaDEX Fund has a 52 week low of $73.08 and a 52 week high of $92.78.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FXR. Bank of America Corp DE increased its holdings in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 8.8% in the first quarter. Bank of America Corp DE now owns 395,475 shares of the company’s stock worth $32,283,000 after buying an additional 31,909 shares during the period. Earned Wealth Advisors LLC bought a new position in First Trust Industrials/Producer Durables AlphaDEX Fund during the 4th quarter worth approximately $21,828,000. Benjamin Edwards Inc. grew its position in First Trust Industrials/Producer Durables AlphaDEX Fund by 2.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 174,212 shares of the company’s stock worth $12,930,000 after acquiring an additional 4,740 shares during the last quarter. Virtue Capital Management LLC grew its position in First Trust Industrials/Producer Durables AlphaDEX Fund by 167.8% during the 4th quarter. Virtue Capital Management LLC now owns 90,812 shares of the company’s stock worth $7,392,000 after acquiring an additional 56,905 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its stake in First Trust Industrials/Producer Durables AlphaDEX Fund by 705.6% in the 4th quarter. Arkadios Wealth Advisors now owns 50,075 shares of the company’s stock worth $3,999,000 after purchasing an additional 43,859 shares during the period.

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.