First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Short Interest Down 82.0% in August

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 13,399 shares, a decline of 82.0% from the July 30th total of 74,521 shares. Based on an average trading volume of 17,963 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Several hedge funds have recently modified their holdings of the company. SHP Wealth Management bought a new position in First Trust Consumer Discretionary AlphaDEX Fund during the fourth quarter valued at about $36,000. Western Wealth Management LLC bought a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund during the 1st quarter valued at about $48,000. Fifth Third Bancorp acquired a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund in the 1st quarter worth approximately $145,000. Advisory Services Network LLC acquired a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund in the 3rd quarter worth approximately $182,000. Finally, Two Sigma Investments LP bought a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund in the 3rd quarter worth approximately $225,000.

First Trust Consumer Discretionary AlphaDEX Fund Price Performance

Shares of FXD traded down $0.90 during trading hours on Thursday, reaching $68.86. 6,758 shares of the company’s stock traded hands, compared to its average volume of 15,003. The business’s fifty day simple moving average is $69.73 and its two-hundred day simple moving average is $67.94. The firm has a market capitalization of $265.11 million, a price-to-earnings ratio of 13.17 and a beta of 1.12. First Trust Consumer Discretionary AlphaDEX Fund has a twelve month low of $61.86 and a twelve month high of $72.50.

About First Trust Consumer Discretionary AlphaDEX Fund

First Trust Consumer Discretionary 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 Discretionary 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.