First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Sees Significant Decrease in Short Interest

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 5,453 shares, a decline of 75.8% from the June 30th total of 22,516 shares. Based on an average daily trading volume, of 11,368 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

First Trust Consumer Staples AlphaDEX Fund Trading Up 1.0%

NYSEARCA FXG traded up $0.62 on Friday, reaching $64.18. The stock had a trading volume of 14,552 shares, compared to its average volume of 21,980. The company has a market capitalization of $227.84 million, a price-to-earnings ratio of 15.10 and a beta of 0.49. The business has a 50 day moving average price of $62.54 and a 200 day moving average price of $63.93. First Trust Consumer Staples AlphaDEX Fund has a 1 year low of $59.67 and a 1 year high of $69.50.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Hilton Head Capital Partners LLC acquired a new position in shares of First Trust Consumer Staples AlphaDEX Fund in the 4th quarter valued at $25,000. Park Square Financial Group LLC raised its position in First Trust Consumer Staples AlphaDEX Fund by 489.1% in the 4th quarter. Park Square Financial Group LLC now owns 701 shares of the company’s stock valued at $45,000 after purchasing an additional 582 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in First Trust Consumer Staples AlphaDEX Fund during the 3rd quarter worth about $49,000. O Shaughnessy Asset Management LLC increased its position in First Trust Consumer Staples AlphaDEX Fund by 1,336.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,307 shares of the company’s stock valued at $79,000 after acquiring an additional 1,216 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of First Trust Consumer Staples AlphaDEX Fund by 11.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,132 shares of the company’s stock valued at $129,000 after purchasing an additional 215 shares during the last quarter.

First Trust Consumer Staples AlphaDEX Fund Company Profile

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.