First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Stock Short Interest Jumps 2,221.8%

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 22,382 shares, an increase of 2,221.8% from the August 31st total of 964 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 11,026 shares, the days-to-cover ratio is presently 2.0 days.

Hedge Funds Weigh In On First Trust Consumer Staples AlphaDEX Fund

Several large investors have recently bought and sold shares of the company. Worthington Financial Partners LLC bought a new position in shares of First Trust Consumer Staples AlphaDEX Fund in the fourth quarter valued at approximately $514,000. Ameritas Advisory Services LLC bought a new stake in First Trust Consumer Staples AlphaDEX Fund during the 2nd quarter worth approximately $307,000. Cetera Investment Advisers lifted its stake in First Trust Consumer Staples AlphaDEX Fund by 17.5% in the 1st quarter. Cetera Investment Advisers now owns 28,824 shares of the company’s stock worth $1,837,000 after purchasing an additional 4,297 shares in the last quarter. Fifth Third Bancorp purchased a new stake in First Trust Consumer Staples AlphaDEX Fund in the 1st quarter worth approximately $191,000. Finally, Milestones Private Investment Advisors LLC boosted its holdings in First Trust Consumer Staples AlphaDEX Fund by 2.6% in the 1st quarter. Milestones Private Investment Advisors LLC now owns 58,095 shares of the company’s stock valued at $3,702,000 after purchasing an additional 1,456 shares during the period.

First Trust Consumer Staples AlphaDEX Fund Stock Down 0.6%

Shares of NYSEARCA FXG traded down $0.34 during midday trading on Friday, reaching $58.37. 2,939 shares of the company were exchanged, compared to its average volume of 19,622. The stock’s 50-day moving average price is $64.19 and its 200-day moving average price is $63.44. The stock has a market cap of $204.31 million, a P/E ratio of 15.10 and a beta of 0.49. First Trust Consumer Staples AlphaDEX Fund has a one year low of $58.21 and a one year high of $69.50.

First Trust Consumer Staples AlphaDEX Fund Company Profile

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.