First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Short Interest Down 75.8% in July

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 5,453 shares, a decrease 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. Approximately 0.2% of the company’s stock are short sold.

First Trust Consumer Staples AlphaDEX Fund Trading Up 1.6%

Shares of FXG traded up $1.00 during midday trading on Monday, reaching $65.18. 13,712 shares of the stock were exchanged, compared to its average volume of 21,921. The company has a market capitalization of $231.39 million, a P/E ratio of 15.10 and a beta of 0.49. First Trust Consumer Staples AlphaDEX Fund has a 52 week low of $59.67 and a 52 week high of $69.50. The company’s 50 day moving average is $62.54 and its two-hundred day moving average is $63.96.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC bought a new stake in shares of First Trust Consumer Staples AlphaDEX Fund in the 4th quarter valued at about $25,000. Park Square Financial Group LLC raised its stake in First Trust Consumer Staples AlphaDEX Fund by 489.1% in the fourth quarter. Park Square Financial Group LLC now owns 701 shares of the company’s stock worth $45,000 after buying an additional 582 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in First Trust Consumer Staples AlphaDEX Fund during the third quarter worth $49,000. O Shaughnessy Asset Management LLC boosted its position in First Trust Consumer Staples AlphaDEX Fund by 1,336.3% during 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. raised its position in shares of First Trust Consumer Staples AlphaDEX Fund by 11.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,132 shares of the company’s stock worth $129,000 after acquiring an additional 215 shares in the last quarter.

About First Trust Consumer Staples AlphaDEX Fund

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.