First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Short Interest Update

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 10,452 shares, a growth of 67.3% from the May 14th total of 6,247 shares. Based on an average daily volume of 78,869 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of First Trust Financials AlphaDEX Fund

Several hedge funds have recently modified their holdings of the stock. Pacific Sun Financial Corp raised its stake in shares of First Trust Financials AlphaDEX Fund by 2.3% in the first quarter. Pacific Sun Financial Corp now owns 32,030 shares of the company’s stock valued at $1,800,000 after acquiring an additional 720 shares in the last quarter. Dorsey Wright & Associates acquired a new stake in shares of First Trust Financials AlphaDEX Fund in the first quarter valued at $520,000. Geneos Wealth Management Inc. raised its stake in shares of First Trust Financials AlphaDEX Fund by 15.1% in the first quarter. Geneos Wealth Management Inc. now owns 16,031 shares of the company’s stock valued at $901,000 after acquiring an additional 2,107 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of First Trust Financials AlphaDEX Fund by 2,333.9% in the first quarter. Fifth Third Bancorp now owns 14,701 shares of the company’s stock valued at $826,000 after acquiring an additional 14,097 shares in the last quarter. Finally, Quantum Portfolio Management LLC raised its stake in shares of First Trust Financials AlphaDEX Fund by 14.9% in the first quarter. Quantum Portfolio Management LLC now owns 5,253 shares of the company’s stock valued at $295,000 after acquiring an additional 682 shares in the last quarter.

First Trust Financials AlphaDEX Fund Stock Up 0.4%

NYSEARCA:FXO traded up $0.25 during trading hours on Wednesday, reaching $61.93. 22,165 shares of the stock were exchanged, compared to its average volume of 282,120. The business has a 50-day moving average of $59.28 and a two-hundred day moving average of $59.49. First Trust Financials AlphaDEX Fund has a twelve month low of $53.28 and a twelve month high of $62.44. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 12.42 and a beta of 0.94.

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.