First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Stock Short Interest Falls 45.5%

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 7,184 shares, a decrease of 45.5% from the September 15th total of 13,172 shares. Based on an average daily trading volume, of 58,898 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of First Trust Financials AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Perryman Financial Advisory Inc. AD bought a new position in First Trust Financials AlphaDEX Fund during the 3rd quarter worth $9,492,000. Concurrent Investment Advisors LLC boosted its holdings in shares of First Trust Financials AlphaDEX Fund by 1.7% during the second quarter. Concurrent Investment Advisors LLC now owns 32,847 shares of the company’s stock valued at $2,052,000 after acquiring an additional 553 shares during the period. Pacific Sun Financial Corp increased its holdings in shares of First Trust Financials AlphaDEX Fund by 2.3% in the 1st quarter. Pacific Sun Financial Corp now owns 32,030 shares of the company’s stock worth $1,800,000 after acquiring an additional 720 shares during the period. IFP Advisors Inc increased its holdings in shares of First Trust Financials AlphaDEX Fund by 1.7% in the 2nd quarter. IFP Advisors Inc now owns 23,208 shares of the company’s stock worth $1,450,000 after acquiring an additional 385 shares during the period. Finally, Certified Advisory Corp lifted its position in First Trust Financials AlphaDEX Fund by 1.6% in the 1st quarter. Certified Advisory Corp now owns 23,203 shares of the company’s stock valued at $1,304,000 after purchasing an additional 359 shares during the last quarter.

First Trust Financials AlphaDEX Fund Trading Up 0.6%

FXO traded up $0.35 on Friday, hitting $63.00. 98,513 shares of the company’s stock were exchanged, compared to its average volume of 186,905. The firm has a market cap of $1.06 billion, a PE ratio of 12.42 and a beta of 0.94. First Trust Financials AlphaDEX Fund has a twelve month low of $54.40 and a twelve month high of $67.38. The stock has a fifty day moving average of $64.26 and a two-hundred day moving average of $62.19.

About First Trust Financials AlphaDEX Fund

First Trust Financials AlphaDEX Fund (the Fund) is an exchange-traded fund. It seeks investment results that correspond generally to the price and yield of an equity index called the StrataQuant Financials Index (the Index). The StrataQuant Financials 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 StrataQuant Financials Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including three, six 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.