First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Sees Large Increase in Short Interest

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 22,382 shares, an increase of 2,221.8% from the August 31st total of 964 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 11,026 shares, the short-interest ratio is currently 2.0 days.

First Trust Consumer Staples AlphaDEX Fund Trading Down 0.4%

Shares of First Trust Consumer Staples AlphaDEX Fund stock opened at $58.50 on Friday. The business has a 50-day moving average price of $64.07 and a two-hundred day moving average price of $63.41. First Trust Consumer Staples AlphaDEX Fund has a 1-year low of $58.21 and a 1-year high of $69.50. The company has a market cap of $204.75 million, a P/E ratio of 15.10 and a beta of 0.49.

Institutional Investors Weigh In On First Trust Consumer Staples AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC acquired a new position in First Trust Consumer Staples AlphaDEX Fund in the second quarter valued at approximately $307,000. Cetera Investment Advisers increased its stake in shares of First Trust Consumer Staples AlphaDEX Fund by 17.5% in the 1st quarter. Cetera Investment Advisers now owns 28,824 shares of the company’s stock valued at $1,837,000 after acquiring an additional 4,297 shares in the last quarter. Milestones Private Investment Advisors LLC lifted its position in shares of First Trust Consumer Staples AlphaDEX Fund by 2.6% during the 1st quarter. Milestones Private Investment Advisors LLC now owns 58,095 shares of the company’s stock valued at $3,702,000 after acquiring an additional 1,456 shares during the period. Fifth Third Bancorp bought a new position in First Trust Consumer Staples AlphaDEX Fund during the first quarter worth $191,000. Finally, Kestra Advisory Services LLC grew its holdings in First Trust Consumer Staples AlphaDEX Fund by 4.2% in the first quarter. Kestra Advisory Services LLC now owns 12,009 shares of the company’s stock worth $765,000 after purchasing an additional 488 shares during the period.

About First Trust Consumer Staples AlphaDEX Fund

First Trust Consumer Staples 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 Staples 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.