Short Interest in First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Drops By 72.1%

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 6,247 shares, a decrease of 72.1% from the April 30th total of 22,411 shares. Based on an average daily volume of 62,157 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

First Trust Financials AlphaDEX Fund Stock Down 0.6%

Shares of FXO opened at $58.51 on Friday. The business’s 50 day moving average is $58.27 and its two-hundred day moving average is $59.33. First Trust Financials AlphaDEX Fund has a 52-week low of $53.13 and a 52-week high of $62.44. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 12.42 and a beta of 0.97.

Institutional Investors Weigh In On First Trust Financials AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. raised its position in shares of First Trust Financials AlphaDEX Fund by 8.9% during the 3rd quarter. Raymond James Financial Inc. now owns 1,137,366 shares of the company’s stock valued at $67,548,000 after acquiring an additional 93,231 shares in the last quarter. UBS Group AG raised its position in shares of First Trust Financials AlphaDEX Fund by 2.8% during the 4th quarter. UBS Group AG now owns 508,721 shares of the company’s stock valued at $30,701,000 after acquiring an additional 13,915 shares in the last quarter. Nilsine Partners LLC raised its position in shares of First Trust Financials AlphaDEX Fund by 5.0% during the 4th quarter. Nilsine Partners LLC now owns 366,047 shares of the company’s stock valued at $22,091,000 after acquiring an additional 17,325 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of First Trust Financials AlphaDEX Fund by 2.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 328,983 shares of the company’s stock valued at $18,441,000 after acquiring an additional 9,080 shares in the last quarter. Finally, WCG Wealth Advisors LLC raised its position in shares of First Trust Financials AlphaDEX Fund by 180.8% during the 4th quarter. WCG Wealth Advisors LLC now owns 294,887 shares of the company’s stock valued at $17,797,000 after acquiring an additional 189,857 shares in the last quarter.

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.