First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Sees Large Growth in Short Interest

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 22,382 shares, a growth of 2,221.8% from the August 31st total of 964 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 11,026 shares, the days-to-cover ratio is currently 2.0 days.

First Trust Consumer Staples AlphaDEX Fund Price Performance

NYSEARCA FXG traded down $0.82 on Thursday, hitting $58.71. 8,291 shares of the stock were exchanged, compared to its average volume of 19,716. The company’s 50-day moving average price is $64.31 and its two-hundred day moving average price is $63.50. First Trust Consumer Staples AlphaDEX Fund has a 52-week low of $58.63 and a 52-week high of $69.50. The company has a market capitalization of $205.49 million, a price-to-earnings ratio of 15.10 and a beta of 0.49.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FXG. Fifth Third Bancorp acquired a new stake in First Trust Consumer Staples AlphaDEX Fund during the 1st quarter worth about $191,000. Ameritas Advisory Services LLC acquired a new stake in shares of First Trust Consumer Staples AlphaDEX Fund during the second quarter worth approximately $307,000. Worthington Financial Partners LLC purchased a new position in First Trust Consumer Staples AlphaDEX Fund during the fourth quarter valued at approximately $514,000. Private Advisor Group LLC grew its position in First Trust Consumer Staples AlphaDEX Fund by 5.7% during the first quarter. Private Advisor Group LLC now owns 8,614 shares of the company’s stock valued at $549,000 after purchasing an additional 463 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its stake in First Trust Consumer Staples AlphaDEX Fund by 4.2% in the 1st quarter. Kestra Advisory Services LLC now owns 12,009 shares of the company’s stock valued at $765,000 after buying an additional 488 shares during the period.

About First Trust Consumer Staples AlphaDEX Fund

First Trust Consumer Staples 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 Staples 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.