First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Short Interest Down 82.0% in August

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 13,399 shares, a drop of 82.0% from the July 30th total of 74,521 shares. Based on an average daily trading volume, of 17,963 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the shares of the company are sold short.

First Trust Consumer Discretionary AlphaDEX Fund Stock Down 0.2%

First Trust Consumer Discretionary AlphaDEX Fund stock traded down $0.17 during trading hours on Wednesday, hitting $69.90. The stock had a trading volume of 3,703 shares, compared to its average volume of 15,042. The company has a 50-day moving average of $69.69 and a two-hundred day moving average of $67.94. The company has a market cap of $269.12 million, a PE ratio of 13.17 and a beta of 1.12. First Trust Consumer Discretionary AlphaDEX Fund has a fifty-two week low of $61.86 and a fifty-two week high of $72.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. SHP Wealth Management acquired a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund in the 4th quarter valued at $36,000. Western Wealth Management LLC bought a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund during the 1st quarter worth about $48,000. Fifth Third Bancorp acquired a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund during the 1st quarter valued at about $145,000. Advisory Services Network LLC acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund in the third quarter worth about $182,000. Finally, Two Sigma Investments LP bought a new position in First Trust Consumer Discretionary AlphaDEX Fund during the third quarter worth about $225,000.

About First Trust Consumer Discretionary AlphaDEX Fund

First Trust Consumer Discretionary 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 Consumer Discretionary 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.