First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Short Interest Down 36.1% in July

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXUGet Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 57,806 shares, a drop of 36.1% from the June 30th total of 90,438 shares. Based on an average daily trading volume, of 252,255 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Trading of First Trust Utilities AlphaDEX Fund

Hedge funds have recently bought and sold shares of the company. Quantinno Capital Management LP boosted its stake in First Trust Utilities AlphaDEX Fund by 8.6% during the 1st quarter. Quantinno Capital Management LP now owns 24,988 shares of the company’s stock valued at $1,239,000 after purchasing an additional 1,971 shares during the period. Gateway Wealth Partners LLC raised its holdings in shares of First Trust Utilities AlphaDEX Fund by 559.0% during the first quarter. Gateway Wealth Partners LLC now owns 30,104 shares of the company’s stock valued at $1,493,000 after buying an additional 25,536 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of First Trust Utilities AlphaDEX Fund by 13.5% during the first quarter. Cetera Investment Advisers now owns 335,969 shares of the company’s stock worth $16,661,000 after buying an additional 39,872 shares during the period. Earned Wealth Advisors LLC boosted its position in shares of First Trust Utilities AlphaDEX Fund by 1.5% during the first quarter. Earned Wealth Advisors LLC now owns 379,257 shares of the company’s stock worth $18,807,000 after buying an additional 5,750 shares during the period. Finally, Dorsey Wright & Associates bought a new position in First Trust Utilities AlphaDEX Fund in the 1st quarter worth approximately $497,000.

First Trust Utilities AlphaDEX Fund Stock Down 0.8%

FXU stock traded down $0.37 during mid-day trading on Friday, reaching $48.48. The company had a trading volume of 182,230 shares, compared to its average volume of 516,797. The stock has a market capitalization of $824.16 million, a P/E ratio of 17.41 and a beta of 0.61. First Trust Utilities AlphaDEX Fund has a one year low of $43.19 and a one year high of $51.62. The stock’s 50-day simple moving average is $49.00 and its two-hundred day simple moving average is $48.85.

First Trust Utilities AlphaDEX Fund Company Profile

(Get Free Report)

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.

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