First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) saw unusually-high trading volume on Wednesday . Approximately 317,397 shares were traded during mid-day trading, an increase of 84% from the previous session’s volume of 172,664 shares.The stock last traded at $59.32 and had previously closed at $59.20.

First Trust Financials AlphaDEX Fund Trading Up 1.1%

The stock has a market cap of $2.12 billion, a P/E ratio of 12.42 and a beta of 1.04. The stock’s fifty day moving average price is $60.98 and its 200 day moving average price is $59.45.

Hedge Funds Weigh In On First Trust Financials AlphaDEX Fund

Hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in First Trust Financials AlphaDEX Fund in the fourth quarter worth approximately $27,000. Mcguire Capital Advisors Inc. bought a new position in shares of First Trust Financials AlphaDEX Fund during the 4th quarter valued at $30,000. Russell Investments Group Ltd. boosted its stake in shares of First Trust Financials AlphaDEX Fund by 279.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 543 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of First Trust Financials AlphaDEX Fund in the 4th quarter worth $36,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of First Trust Financials AlphaDEX Fund in the fourth quarter worth $38,000.

About First Trust Financials AlphaDEX Fund

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. The AMEX constructs the StrataQuant Financials Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including three, six 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.