First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Short Interest Down 35.6% in August

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 25,656 shares, a decline of 35.6% from the July 30th total of 39,868 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 18,208 shares, the days-to-cover ratio is presently 1.4 days.

First Trust Industrials/Producer Durables AlphaDEX Fund Stock Performance

Shares of First Trust Industrials/Producer Durables AlphaDEX Fund stock traded down $1.38 during trading hours on Tuesday, hitting $85.30. The company’s stock had a trading volume of 33,034 shares, compared to its average volume of 51,256. The stock has a market cap of $712.25 million, a price-to-earnings ratio of 17.44 and a beta of 1.08. First Trust Industrials/Producer Durables AlphaDEX Fund has a twelve month low of $73.08 and a twelve month high of $92.78. The firm has a fifty day moving average of $89.54 and a 200-day moving average of $87.40.

Hedge Funds Weigh In On First Trust Industrials/Producer Durables AlphaDEX Fund

Several institutional investors have recently bought and sold shares of FXR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the fourth quarter valued at approximately $57,000. Compass Financial Management LLC purchased a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund during the second quarter worth approximately $62,000. Western Wealth Management LLC acquired a new position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the 1st quarter valued at $146,000. Bank of America Corp DE increased its position in First Trust Industrials/Producer Durables AlphaDEX Fund by 8.8% during the first quarter. Bank of America Corp DE now owns 395,475 shares of the company’s stock worth $32,283,000 after buying an additional 31,909 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 13.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,315 shares of the company’s stock valued at $484,000 after buying an additional 627 shares during the last quarter.

About First Trust Industrials/Producer Durables AlphaDEX Fund

First Trust Industrials/Producer Durables 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 Industrials 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.