First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Short Interest Down 42.5% in August

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 10,772 shares, a decrease of 42.5% from the August 15th total of 18,724 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 43,661 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust Financials AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in FXO. Certified Advisory Corp increased its stake in shares of First Trust Financials AlphaDEX Fund by 1.6% during the 1st quarter. Certified Advisory Corp now owns 23,203 shares of the company’s stock worth $1,304,000 after purchasing an additional 359 shares during the last quarter. Perryman Financial Advisory Inc. AD purchased a new position in First Trust Financials AlphaDEX Fund in the fourth quarter valued at approximately $9,376,000. Sargent Investment Group LLC purchased a new position in First Trust Financials AlphaDEX Fund in the fourth quarter valued at approximately $332,000. Peak Planning Group LLC bought a new position in First Trust Financials AlphaDEX Fund during the fourth quarter valued at $2,017,000. Finally, ROI Financial Advisors LLC grew its holdings in First Trust Financials AlphaDEX Fund by 9.2% during the fourth quarter. ROI Financial Advisors LLC now owns 4,780 shares of the company’s stock valued at $288,000 after purchasing an additional 403 shares during the period.

First Trust Financials AlphaDEX Fund Price Performance

Shares of First Trust Financials AlphaDEX Fund stock opened at $63.93 on Friday. The firm has a market cap of $1.10 billion, a PE ratio of 12.42 and a beta of 0.93. First Trust Financials AlphaDEX Fund has a 1 year low of $54.40 and a 1 year high of $67.38. The stock has a fifty day moving average price of $65.64 and a 200-day moving average price of $61.46.

First Trust Financials AlphaDEX Fund Company Profile

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.