First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Stock Short Interest Falls 45.5%

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 7,184 shares, a decline of 45.5% from the September 15th total of 13,172 shares. Based on an average daily volume of 58,898 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of First Trust Financials AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of FXO. HF Advisory Group LLC raised its holdings in First Trust Financials AlphaDEX Fund by 1.9% in the 2nd quarter. HF Advisory Group LLC now owns 11,790 shares of the company’s stock valued at $736,000 after acquiring an additional 224 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in First Trust Financials AlphaDEX Fund by 472.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,500 shares of the company’s stock worth $468,000 after acquiring an additional 6,189 shares during the last quarter. TrueWealth Advisors LLC lifted its position in First Trust Financials AlphaDEX Fund by 3.7% during the second quarter. TrueWealth Advisors LLC now owns 12,564 shares of the company’s stock worth $785,000 after acquiring an additional 449 shares during the last quarter. Pacific Sun Financial Corp boosted its holdings in shares of First Trust Financials AlphaDEX Fund by 2.3% during the first quarter. Pacific Sun Financial Corp now owns 32,030 shares of the company’s stock worth $1,800,000 after acquiring an additional 720 shares during the period. Finally, Dorsey Wright & Associates bought a new stake in shares of First Trust Financials AlphaDEX Fund during the first quarter worth approximately $520,000.

First Trust Financials AlphaDEX Fund Stock Up 1.6%

Shares of FXO traded up $1.01 during trading hours on Thursday, hitting $62.67. The company had a trading volume of 82,270 shares, compared to its average volume of 187,119. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 12.42 and a beta of 0.94. The business has a fifty day moving average of $64.34 and a 200-day moving average of $62.13. First Trust Financials AlphaDEX Fund has a 12 month low of $54.40 and a 12 month high of $67.38.

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.