First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Short Interest Up 180.1% in July

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 149,000 shares, anincreaseof180.1% from the June 30th total of 53,200 shares. Based on an average daily volume of 91,200 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 91,200 shares, the days-to-cover ratio is presently 1.6 days.

First Trust Financials AlphaDEX Fund Price Performance

Shares of First Trust Financials AlphaDEX Fund stock opened at $56.73 on Wednesday. First Trust Financials AlphaDEX Fund has a 1 year low of $44.37 and a 1 year high of $59.36. The firm has a market cap of $2.16 billion, a PE ratio of 12.42 and a beta of 1.11. The stock has a fifty day moving average price of $55.71 and a 200-day moving average price of $54.02.

Institutional Investors Weigh In On First Trust Financials AlphaDEX Fund

Several large investors have recently made changes to their positions in FXO. Huntington National Bank grew its stake in shares of First Trust Financials AlphaDEX Fund by 570.6% during the 4th quarter. Huntington National Bank now owns 456 shares of the company’s stock worth $25,000 after acquiring an additional 388 shares during the period. Hurley Capital LLC bought a new position in shares of First Trust Financials AlphaDEX Fund during the 1st quarter worth $55,000. Creative Financial Designs Inc. ADV bought a new position in shares of First Trust Financials AlphaDEX Fund during the 2nd quarter worth $56,000. Motco bought a new position in shares of First Trust Financials AlphaDEX Fund during the 2nd quarter worth $63,000. Finally, Private Trust Co. NA grew its stake in shares of First Trust Financials AlphaDEX Fund by 31.1% during the 2nd quarter. Private Trust Co. NA now owns 1,390 shares of the company’s stock worth $78,000 after acquiring an additional 330 shares during the period.

About First Trust Financials AlphaDEX Fund

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.