Short Interest in First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Grows By 692.0%

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 750,530 shares, an increase of 692.0% from the November 30th total of 94,760 shares. Based on an average daily volume of 737,346 shares, the short-interest ratio is presently 1.0 days. Approximately 2.0% of the company’s shares are sold short. Approximately 2.0% of the company’s shares are sold short. Based on an average daily volume of 737,346 shares, the short-interest ratio is presently 1.0 days.

First Trust Utilities AlphaDEX Fund Trading Up 0.3%

Shares of NYSEARCA:FXU traded up $0.15 during mid-day trading on Thursday, reaching $45.06. The stock had a trading volume of 57,870 shares, compared to its average volume of 498,308. First Trust Utilities AlphaDEX Fund has a twelve month low of $36.88 and a twelve month high of $47.74. The firm has a market cap of $1.71 billion, a PE ratio of 17.41 and a beta of 0.67. The firm has a 50 day simple moving average of $46.12 and a two-hundred day simple moving average of $44.72.

Hedge Funds Weigh In On First Trust Utilities AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP raised its holdings in First Trust Utilities AlphaDEX Fund by 23,271.2% during the 1st quarter. Susquehanna International Group LLP now owns 4,090,427 shares of the company’s stock worth $167,748,000 after buying an additional 4,072,925 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of First Trust Utilities AlphaDEX Fund in the first quarter valued at about $77,919,000. Raymond James Financial Inc. lifted its holdings in shares of First Trust Utilities AlphaDEX Fund by 13.0% in the third quarter. Raymond James Financial Inc. now owns 932,394 shares of the company’s stock valued at $42,377,000 after purchasing an additional 107,425 shares in the last quarter. Bank of America Corp DE boosted its position in shares of First Trust Utilities AlphaDEX Fund by 10.9% during the third quarter. Bank of America Corp DE now owns 861,617 shares of the company’s stock worth $39,161,000 after buying an additional 84,697 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of First Trust Utilities AlphaDEX Fund by 16.2% during the second quarter. NewEdge Advisors LLC now owns 541,082 shares of the company’s stock worth $22,931,000 after buying an additional 75,448 shares in 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.