First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Sees Large Decrease in Short Interest

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 11,373 shares, a decrease of 24.8% from the January 29th total of 15,128 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 32,249 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 32,249 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s stock are short sold.

First Trust Consumer Staples AlphaDEX Fund Stock Down 1.0%

NYSEARCA:FXG traded down $0.66 during trading hours on Wednesday, hitting $67.12. 23,084 shares of the company traded hands, compared to its average volume of 36,019. The company has a market cap of $258.41 million, a PE ratio of 15.10 and a beta of 0.56. The firm’s 50-day simple moving average is $65.02 and its 200-day simple moving average is $63.53. First Trust Consumer Staples AlphaDEX Fund has a one year low of $59.67 and a one year high of $69.50.

Institutional Investors Weigh In On First Trust Consumer Staples AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC purchased a new position in First Trust Consumer Staples AlphaDEX Fund in the 4th quarter valued at approximately $25,000. Huntington National Bank purchased a new position in First Trust Consumer Staples AlphaDEX Fund during the 2nd quarter valued at about $26,000. Founders Financial Alliance LLC purchased a new position in First Trust Consumer Staples AlphaDEX Fund during the 3rd quarter valued at about $45,000. Park Square Financial Group LLC increased its position in shares of First Trust Consumer Staples AlphaDEX Fund by 489.1% during the fourth quarter. Park Square Financial Group LLC now owns 701 shares of the company’s stock valued at $45,000 after buying an additional 582 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in First Trust Consumer Staples AlphaDEX Fund during the third quarter valued at approximately $49,000.

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.