First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU – Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 30,864 shares, a decrease of 57.7% from the July 30th total of 72,946 shares. Based on an average trading volume of 307,427 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are sold short.
Institutional Investors Weigh In On First Trust Utilities AlphaDEX Fund
Several large investors have recently modified their holdings of the company. Park Square Financial Group LLC lifted its holdings in First Trust Utilities AlphaDEX Fund by 18.0% in the fourth quarter. Park Square Financial Group LLC now owns 1,498 shares of the company’s stock valued at $67,000 after buying an additional 228 shares during the period. Equitable Holdings Inc. grew its holdings in First Trust Utilities AlphaDEX Fund by 0.4% during the 3rd quarter. Equitable Holdings Inc. now owns 59,426 shares of the company’s stock worth $2,701,000 after acquiring an additional 251 shares during the period. JPMorgan Chase & Co. raised its position in shares of First Trust Utilities AlphaDEX Fund by 8.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,667 shares of the company’s stock worth $155,000 after acquiring an additional 280 shares in the last quarter. HighTower Advisors LLC raised its position in shares of First Trust Utilities AlphaDEX Fund by 8.6% in the 4th quarter. HighTower Advisors LLC now owns 4,905 shares of the company’s stock worth $221,000 after acquiring an additional 389 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of First Trust Utilities AlphaDEX Fund by 18.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,557 shares of the company’s stock worth $127,000 after acquiring an additional 401 shares in the last quarter.
First Trust Utilities AlphaDEX Fund Trading Down 1.0%
NYSEARCA:FXU traded down $0.47 on Friday, reaching $47.34. 223,111 shares of the stock traded hands, compared to its average volume of 486,719. First Trust Utilities AlphaDEX Fund has a 1-year low of $43.19 and a 1-year high of $51.62. The company’s 50 day moving average is $48.99 and its 200-day moving average is $49.10. The firm has a market capitalization of $811.88 million, a price-to-earnings ratio of 17.41 and a beta of 0.61.
About First Trust Utilities AlphaDEX Fund
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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