First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Short Interest Update

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 488,793 shares, a decline of 34.9% from the December 15th total of 750,530 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 198,899 shares, the short-interest ratio is presently 2.5 days. Based on an average daily trading volume, of 198,899 shares, the short-interest ratio is presently 2.5 days. Approximately 1.2% of the company’s stock are sold short.

First Trust Utilities AlphaDEX Fund Trading Up 0.4%

FXU traded up $0.18 during trading on Friday, hitting $46.50. 417,504 shares of the company’s stock traded hands, compared to its average volume of 426,591. First Trust Utilities AlphaDEX Fund has a 12-month low of $36.88 and a 12-month high of $47.74. The company’s 50 day simple moving average is $45.69 and its two-hundred day simple moving average is $45.07. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 17.41 and a beta of 0.67.

Institutional Trading of First Trust Utilities AlphaDEX Fund

Hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC purchased a new position in First Trust Utilities AlphaDEX Fund in the third quarter worth about $25,000. Blair William & Co. IL increased its position in shares of First Trust Utilities AlphaDEX Fund by 204.2% during the 3rd quarter. Blair William & Co. IL now owns 794 shares of the company’s stock valued at $36,000 after purchasing an additional 533 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of First Trust Utilities AlphaDEX Fund by 276.9% in the 2nd quarter. Blue Trust Inc. now owns 833 shares of the company’s stock worth $35,000 after purchasing an additional 612 shares during the period. Triumph Capital Management purchased a new position in shares of First Trust Utilities AlphaDEX Fund in the third quarter worth approximately $46,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of First Trust Utilities AlphaDEX Fund by 20.3% in the third quarter. Global Retirement Partners LLC now owns 1,501 shares of the company’s stock worth $68,000 after buying an additional 253 shares during the last quarter.

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.