Short Interest in First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Increases By 159.1%

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 22,516 shares, an increase of 159.1% from the June 15th total of 8,689 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 15,838 shares, the days-to-cover ratio is currently 1.4 days.

First Trust Consumer Staples AlphaDEX Fund Stock Down 0.3%

NYSEARCA FXG opened at $63.29 on Thursday. The stock’s 50-day simple moving average is $62.10 and its two-hundred day simple moving average is $63.78. First Trust Consumer Staples AlphaDEX Fund has a twelve month low of $59.67 and a twelve month high of $69.50. The company has a market capitalization of $227.84 million, a price-to-earnings ratio of 15.10 and a beta of 0.49.

Institutional Investors Weigh In On First Trust Consumer Staples AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers grew its position in First Trust Consumer Staples AlphaDEX Fund by 17.5% during the 1st quarter. Cetera Investment Advisers now owns 28,824 shares of the company’s stock worth $1,837,000 after acquiring an additional 4,297 shares during the last quarter. Milestones Private Investment Advisors LLC lifted its position in First Trust Consumer Staples AlphaDEX Fund by 2.6% in the first 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 last quarter. Fifth Third Bancorp purchased a new stake in shares of First Trust Consumer Staples AlphaDEX Fund during the first quarter valued at approximately $191,000. Kestra Advisory Services LLC boosted its stake in shares of First Trust Consumer Staples AlphaDEX Fund by 4.2% during the first quarter. Kestra Advisory Services LLC now owns 12,009 shares of the company’s stock valued at $765,000 after purchasing an additional 488 shares during the period. Finally, Private Advisor Group LLC grew its holdings in shares of First Trust Consumer Staples AlphaDEX Fund by 5.7% in the first quarter. Private Advisor Group LLC now owns 8,614 shares of the company’s stock worth $549,000 after purchasing an additional 463 shares during 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.