First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Short Interest Update

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 29,468 shares, a growth of 160.9% from the January 29th total of 11,295 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 606,096 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 606,096 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of First Trust Utilities AlphaDEX Fund

Several hedge funds have recently bought and sold shares of the stock. Atria Investments Inc bought a new stake in shares of First Trust Utilities AlphaDEX Fund in the second quarter worth $244,000. Envestnet Asset Management Inc. increased its stake in First Trust Utilities AlphaDEX Fund by 24.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 164,098 shares of the company’s stock valued at $6,954,000 after buying an additional 31,955 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in First Trust Utilities AlphaDEX Fund by 47.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 24,674 shares of the company’s stock worth $1,046,000 after buying an additional 7,916 shares in the last quarter. Efficient Advisors LLC boosted its stake in shares of First Trust Utilities AlphaDEX Fund by 192.5% during the 2nd quarter. Efficient Advisors LLC now owns 29,686 shares of the company’s stock worth $1,258,000 after buying an additional 19,538 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. boosted its stake in shares of First Trust Utilities AlphaDEX Fund by 413.4% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 270,054 shares of the company’s stock worth $11,445,000 after buying an additional 217,451 shares during the last quarter.

First Trust Utilities AlphaDEX Fund Trading Up 0.1%

NYSEARCA:FXU opened at $50.48 on Friday. First Trust Utilities AlphaDEX Fund has a 1 year low of $36.88 and a 1 year high of $50.70. The stock has a 50-day moving average price of $46.78 and a two-hundred day moving average price of $45.97. The stock has a market cap of $878.35 million, a price-to-earnings ratio of 17.41 and a beta of 0.67.

About First Trust Utilities AlphaDEX Fund

First Trust Utilities 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 Utilities 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.