First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Sees Large Growth in Short Interest

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 40,727 shares, an increase of 148.6% from the March 15th total of 16,385 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 17,594 shares, the short-interest ratio is currently 2.3 days.

Institutional Investors Weigh In On First Trust Consumer Staples AlphaDEX Fund

Institutional investors have recently bought and sold shares of the stock. Worthington Financial Partners LLC acquired a new stake in First Trust Consumer Staples AlphaDEX Fund in the 4th quarter valued at about $514,000. IHT Wealth Management LLC acquired a new stake in First Trust Consumer Staples AlphaDEX Fund in the 4th quarter valued at about $354,000. Osaic Holdings Inc. lifted its holdings in First Trust Consumer Staples AlphaDEX Fund by 110.1% in the 4th quarter. Osaic Holdings Inc. now owns 52,722 shares of the company’s stock valued at $3,199,000 after acquiring an additional 27,627 shares during the last quarter. Royal Bank of Canada lifted its holdings in First Trust Consumer Staples AlphaDEX Fund by 10.7% in the 4th quarter. Royal Bank of Canada now owns 62,431 shares of the company’s stock valued at $3,788,000 after acquiring an additional 6,040 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of First Trust Consumer Staples AlphaDEX Fund by 1,336.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,307 shares of the company’s stock valued at $79,000 after acquiring an additional 1,216 shares during the last quarter.

First Trust Consumer Staples AlphaDEX Fund Trading Down 0.8%

Shares of NYSEARCA FXG opened at $64.45 on Tuesday. The stock has a 50 day simple moving average of $65.80 and a 200-day simple moving average of $63.53. The company has a market cap of $244.91 million, a PE ratio of 15.10 and a beta of 0.54. First Trust Consumer Staples AlphaDEX Fund has a 12-month low of $59.67 and a 12-month high of $69.50.

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.