First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 5,891 shares, an increase of 284.0% from the September 30th total of 1,534 shares. Based on an average trading volume of 15,243 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.
First Trust Consumer Staples AlphaDEX Fund Stock Up 0.4%
Shares of NYSEARCA FXG traded up $0.26 during midday trading on Thursday, reaching $60.98. 14,188 shares of the stock were exchanged, compared to its average volume of 19,179. The firm has a 50-day simple moving average of $61.92 and a two-hundred day simple moving average of $63.61. The firm has a market cap of $207.33 million, a price-to-earnings ratio of 15.10 and a beta of 0.50. First Trust Consumer Staples AlphaDEX Fund has a twelve month low of $57.29 and a twelve month high of $69.50.
Hedge Funds Weigh In On First Trust Consumer Staples AlphaDEX Fund
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp purchased a new position in First Trust Consumer Staples AlphaDEX Fund during the first quarter worth approximately $191,000. Ameritas Advisory Services LLC purchased a new position in First Trust Consumer Staples AlphaDEX Fund in the second quarter valued at about $307,000. Private Advisor Group LLC lifted its stake in First Trust Consumer Staples AlphaDEX Fund by 5.7% in the 1st quarter. Private Advisor Group LLC now owns 8,614 shares of the company’s stock valued at $549,000 after buying an additional 463 shares in the last quarter. Kestra Advisory Services LLC raised its stake in 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 worth $765,000 after purchasing an additional 488 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of 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 valued at $1,837,000 after buying an additional 4,297 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.
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