Short Interest in First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Expands By 55.7%

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 761,135 shares, a growth of 55.7% from the December 31st total of 488,793 shares. Based on an average daily volume of 427,545 shares, the days-to-cover ratio is currently 1.8 days. Currently, 2.0% of the shares of the stock are short sold. Currently, 2.0% of the shares of the stock are short sold. Based on an average daily volume of 427,545 shares, the days-to-cover ratio is currently 1.8 days.

First Trust Utilities AlphaDEX Fund Trading Up 0.1%

FXU stock traded up $0.03 during trading on Friday, hitting $46.61. The company had a trading volume of 1,163,313 shares, compared to its average volume of 1,539,571. First Trust Utilities AlphaDEX Fund has a fifty-two week low of $36.88 and a fifty-two week high of $47.74. The firm has a market capitalization of $850.63 million, a price-to-earnings ratio of 17.41 and a beta of 0.67. The business has a 50 day moving average of $45.65 and a 200 day moving average of $45.39.

Hedge Funds Weigh In On First Trust Utilities AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rothschild Investment LLC bought a new stake in First Trust Utilities AlphaDEX Fund during the 3rd quarter valued at $25,000. Blue Trust Inc. raised its stake in shares of First Trust Utilities AlphaDEX Fund by 276.9% in the second quarter. Blue Trust Inc. now owns 833 shares of the company’s stock worth $35,000 after purchasing an additional 612 shares during the last quarter. Blair William & Co. IL boosted its holdings in First Trust Utilities AlphaDEX Fund by 204.2% in the 3rd quarter. Blair William & Co. IL now owns 794 shares of the company’s stock worth $36,000 after buying an additional 533 shares during the last quarter. Glassman Wealth Services acquired a new position in First Trust Utilities AlphaDEX Fund during the fourth quarter worth $45,000. Finally, Triumph Capital Management purchased a new stake in First Trust Utilities AlphaDEX Fund during the 3rd quarter valued at approximately $46,000.

First Trust Utilities AlphaDEX Fund Company Profile

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.