Short Interest in First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Increases By 512.6%

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 14,868 shares, an increase of 512.6% from the December 31st total of 2,427 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 30,670 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 30,670 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the shares of the company are short sold.

First Trust Consumer Staples AlphaDEX Fund Stock Performance

FXG stock traded up $0.05 during mid-day trading on Thursday, hitting $64.61. The company had a trading volume of 24,735 shares, compared to its average volume of 25,728. The firm has a market cap of $268.13 million, a PE ratio of 15.10 and a beta of 0.56. First Trust Consumer Staples AlphaDEX Fund has a 12 month low of $59.67 and a 12 month high of $66.68. The stock’s fifty day moving average price is $62.21 and its two-hundred day moving average price is $62.90.

Hedge Funds Weigh In On First Trust Consumer Staples AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Huntington National Bank bought a new position in shares of First Trust Consumer Staples AlphaDEX Fund during the 2nd quarter worth $26,000. Founders Financial Alliance LLC purchased a new stake in First Trust Consumer Staples AlphaDEX Fund during the third quarter valued at about $45,000. Wilmington Savings Fund Society FSB bought a new position in First Trust Consumer Staples AlphaDEX Fund during the third quarter worth about $49,000. Tableaux LLC bought a new position in First Trust Consumer Staples AlphaDEX Fund during the second quarter worth about $167,000. Finally, Ameriflex Group Inc. purchased a new position in shares of First Trust Consumer Staples AlphaDEX Fund in the third quarter worth about $199,000.

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.