First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Sees Large Decrease in Short Interest

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 39,868 shares, a decrease of 41.6% from the July 15th total of 68,243 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 28,289 shares, the short-interest ratio is presently 1.4 days.

First Trust Industrials/Producer Durables AlphaDEX Fund Stock Up 0.4%

FXR traded up $0.40 during trading hours on Wednesday, hitting $90.16. The stock had a trading volume of 3,077 shares, compared to its average volume of 52,925. The company’s fifty day simple moving average is $89.41 and its 200 day simple moving average is $87.37. First Trust Industrials/Producer Durables AlphaDEX Fund has a 1 year low of $73.08 and a 1 year high of $92.78. The stock has a market cap of $752.79 million, a PE ratio of 17.44 and a beta of 1.08.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Compass Financial Management LLC purchased a new position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the second quarter worth about $62,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 13.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,315 shares of the company’s stock valued at $484,000 after buying an additional 627 shares in the last quarter. Western Wealth Management LLC bought a new position in First Trust Industrials/Producer Durables AlphaDEX Fund in the 1st quarter worth approximately $146,000. Bank of America Corp DE boosted its holdings in First Trust Industrials/Producer Durables AlphaDEX Fund by 8.8% in the 1st quarter. Bank of America Corp DE now owns 395,475 shares of the company’s stock worth $32,283,000 after buying an additional 31,909 shares during the period. Finally, Gateway Wealth Partners LLC purchased a new position in First Trust Industrials/Producer Durables AlphaDEX Fund in the 1st quarter valued at approximately $243,000.

First Trust Industrials/Producer Durables AlphaDEX Fund Company Profile

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.