Short Interest in First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Grows By 240.6%

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 22,411 shares, an increase of 240.6% from the April 15th total of 6,580 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 74,977 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On First Trust Financials AlphaDEX Fund

Several institutional investors have recently modified their holdings of FXO. Allspring Global Investments Holdings LLC bought a new position in shares of First Trust Financials AlphaDEX Fund in the fourth quarter valued at approximately $27,000. Russell Investments Group Ltd. grew its holdings in shares of First Trust Financials AlphaDEX Fund by 279.7% in the second quarter. Russell Investments Group Ltd. now owns 543 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new position in shares of First Trust Financials AlphaDEX Fund in the fourth quarter valued at approximately $30,000. Fifth Third Bancorp bought a new position in shares of First Trust Financials AlphaDEX Fund in the fourth quarter valued at approximately $36,000. Finally, Godfrey Financial Associates Inc. bought a new position in shares of First Trust Financials AlphaDEX Fund in the fourth quarter valued at approximately $38,000.

First Trust Financials AlphaDEX Fund Trading Down 0.3%

Shares of FXO stock traded down $0.16 during trading on Friday, hitting $58.37. The company’s stock had a trading volume of 31,901 shares, compared to its average volume of 333,474. The company has a market cap of $1.04 billion, a PE ratio of 12.42 and a beta of 0.97. The business has a fifty day moving average of $57.86 and a 200-day moving average of $59.21. First Trust Financials AlphaDEX Fund has a 52 week low of $52.35 and a 52 week high of $62.44.

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. 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.