First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Short Interest Update

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) was the recipient of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 48,000 shares, a decrease of 36.1% from the May 15th total of 75,100 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 251,300 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Financials AlphaDEX Fund Stock Performance

Shares of NYSEARCA:FXO traded down $0.64 during midday trading on Tuesday, reaching $53.21. 28,398 shares of the company’s stock traded hands, compared to its average volume of 253,621. First Trust Financials AlphaDEX Fund has a one year low of $44.37 and a one year high of $59.36. The stock has a 50 day moving average of $52.17 and a 200 day moving average of $53.69. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 12.82 and a beta of 1.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FXO. Huntington National Bank increased its holdings in First Trust Financials AlphaDEX Fund by 570.6% during the fourth quarter. Huntington National Bank now owns 456 shares of the company’s stock valued at $25,000 after buying an additional 388 shares during the last quarter. Hurley Capital LLC purchased a new stake in shares of First Trust Financials AlphaDEX Fund in the 1st quarter worth $55,000. US Bancorp DE increased its stake in shares of First Trust Financials AlphaDEX Fund by 17.0% in the 4th quarter. US Bancorp DE now owns 1,356 shares of the company’s stock worth $73,000 after purchasing an additional 197 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Financials AlphaDEX Fund by 312.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,500 shares of the company’s stock worth $80,000 after purchasing an additional 1,136 shares during the period. Finally, Aptus Capital Advisors LLC lifted its position in First Trust Financials AlphaDEX Fund by 5,531.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,802 shares of the company’s stock valued at $98,000 after purchasing an additional 1,770 shares in the last quarter.

First Trust Financials AlphaDEX Fund Company Profile

First Trust Financials AlphaDEX Fund (the Fund) is an exchange-traded fund. It seeks investment results that correspond generally to the price and yield of an equity index called the StrataQuant Financials Index (the Index). The StrataQuant Financials 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.