First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Short Interest Down 75.4% in June

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 4,444 shares, a drop of 75.4% from the May 31st total of 18,054 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,828 shares, the short-interest ratio is currently 0.2 days.

First Trust Industrials/Producer Durables AlphaDEX Fund Trading Down 0.2%

FXR stock opened at $89.99 on Friday. The firm’s 50-day moving average is $87.02 and its two-hundred day moving average is $85.60. The company has a market capitalization of $719.92 million, a price-to-earnings ratio of 17.44 and a beta of 1.08. First Trust Industrials/Producer Durables AlphaDEX Fund has a 52 week low of $73.08 and a 52 week high of $92.78.

Hedge Funds Weigh In On First Trust Industrials/Producer Durables AlphaDEX Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FXR. AlphaCore Capital LLC bought a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the 4th quarter worth $668,000. Sapient Capital LLC bought a new position in First Trust Industrials/Producer Durables AlphaDEX Fund during the fourth quarter valued at about $306,000. Cornerstone Wealth Management LLC boosted its stake in First Trust Industrials/Producer Durables AlphaDEX Fund by 6.6% during the fourth quarter. Cornerstone Wealth Management LLC now owns 5,108 shares of the company’s stock valued at $408,000 after buying an additional 317 shares in the last quarter. Win Advisors Inc. acquired a new position in First Trust Industrials/Producer Durables AlphaDEX Fund during the fourth quarter worth about $1,545,000. Finally, Wealthfront Advisers LLC raised its position in First Trust Industrials/Producer Durables AlphaDEX Fund by 20.7% in the fourth quarter. Wealthfront Advisers LLC now owns 11,893 shares of the company’s stock worth $950,000 after acquiring an additional 2,042 shares in the last quarter.

About First Trust Industrials/Producer Durables AlphaDEX Fund

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.