First Trust Financials AlphaDEX Fund (NYSEARCA:FXO – Get Free Report) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 6,247 shares, a drop of 72.1% from the April 30th total of 22,411 shares. Based on an average trading volume of 62,157 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.
First Trust Financials AlphaDEX Fund Stock Down 0.0%
Shares of NYSEARCA FXO traded down $0.02 during trading hours on Friday, reaching $58.49. 120,390 shares of the stock traded hands, compared to its average volume of 311,006. The company has a market capitalization of $1.05 billion, a P/E ratio of 12.42 and a beta of 0.97. First Trust Financials AlphaDEX Fund has a 52-week low of $53.13 and a 52-week high of $62.44. The company’s 50-day simple moving average is $58.33 and its two-hundred day simple moving average is $59.32.
Hedge Funds Weigh In On First Trust Financials AlphaDEX Fund
A number of large investors have recently bought and sold shares of the stock. Pacific Sun Financial Corp increased its stake in First Trust Financials AlphaDEX Fund by 2.3% in the 1st quarter. Pacific Sun Financial Corp now owns 32,030 shares of the company’s stock worth $1,800,000 after purchasing an additional 720 shares during the period. Dorsey Wright & Associates purchased a new position in First Trust Financials AlphaDEX Fund in the 1st quarter worth approximately $520,000. Geneos Wealth Management Inc. increased its stake in First Trust Financials AlphaDEX Fund by 15.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 16,031 shares of the company’s stock worth $901,000 after purchasing an additional 2,107 shares during the period. Fifth Third Bancorp increased its stake in First Trust Financials AlphaDEX Fund by 2,333.9% in the 1st quarter. Fifth Third Bancorp now owns 14,701 shares of the company’s stock worth $826,000 after purchasing an additional 14,097 shares during the period. Finally, Quantum Portfolio Management LLC increased its stake in First Trust Financials AlphaDEX Fund by 14.9% in the 1st quarter. Quantum Portfolio Management LLC now owns 5,253 shares of the company’s stock worth $295,000 after purchasing an additional 682 shares during the period.
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.
Featured Stories
- Five stocks we like better than First Trust Financials AlphaDEX Fund
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
Receive News & Ratings for First Trust Financials AlphaDEX Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Financials AlphaDEX Fund and related companies with MarketBeat.com's FREE daily email newsletter.
