Short Interest in First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Declines By 36.1%

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 57,806 shares, a decrease of 36.1% from the June 30th total of 90,438 shares. Based on an average daily volume of 252,255 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are short sold.

First Trust Utilities AlphaDEX Fund Price Performance

Shares of NYSEARCA:FXU traded down $0.32 during midday trading on Thursday, reaching $48.85. 214,300 shares of the company’s stock were exchanged, compared to its average volume of 519,123. The stock has a market cap of $830.45 million, a price-to-earnings ratio of 17.41 and a beta of 0.61. First Trust Utilities AlphaDEX Fund has a fifty-two week low of $43.19 and a fifty-two week high of $51.62. The firm’s 50 day simple moving average is $49.00 and its two-hundred day simple moving average is $48.82.

Institutional Investors Weigh In On First Trust Utilities AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP increased its holdings in First Trust Utilities AlphaDEX Fund by 5.3% in the 4th quarter. First Trust Advisors LP now owns 16,901,242 shares of the company’s stock valued at $760,725,000 after purchasing an additional 849,177 shares during the last quarter. Morgan Stanley lifted its stake in First Trust Utilities AlphaDEX Fund by 7.2% during the fourth quarter. Morgan Stanley now owns 3,172,178 shares of the company’s stock worth $142,780,000 after purchasing an additional 213,428 shares in the last quarter. LPL Financial LLC lifted its stake in First Trust Utilities AlphaDEX Fund by 8.5% during the fourth quarter. LPL Financial LLC now owns 1,707,256 shares of the company’s stock worth $76,844,000 after purchasing an additional 134,092 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of First Trust Utilities AlphaDEX Fund by 13.0% during the third quarter. Raymond James Financial Inc. now owns 932,394 shares of the company’s stock worth $42,377,000 after buying an additional 107,425 shares during the period. Finally, 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.

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.