First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Short Interest Up 266.3% in March
by Amy Steele · The Cerbat GemFirst Trust Utilities AlphaDEX Fund (NYSEARCA:FXU – Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 252,632 shares, a growth of 266.3% from the March 15th total of 68,968 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average trading volume of 444,869 shares, the days-to-cover ratio is presently 0.6 days.
First Trust Utilities AlphaDEX Fund Price Performance
FXU traded down $0.32 during trading on Friday, hitting $51.01. 301,849 shares of the stock traded hands, compared to its average volume of 809,008. First Trust Utilities AlphaDEX Fund has a twelve month low of $38.68 and a twelve month high of $51.62. The business has a 50 day moving average price of $49.50 and a 200 day moving average price of $47.18. The company has a market cap of $910.53 million, a price-to-earnings ratio of 17.41 and a beta of 0.69.
Institutional Investors Weigh In On First Trust Utilities AlphaDEX Fund
Several large investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC bought a new stake in shares of First Trust Utilities AlphaDEX Fund during the 3rd quarter worth $25,000. Blair William & Co. IL grew its position in First Trust Utilities AlphaDEX Fund by 204.2% during the third quarter. Blair William & Co. IL now owns 794 shares of the company’s stock valued at $36,000 after acquiring an additional 533 shares during the last quarter. Smartleaf Asset Management LLC purchased a new position in shares of First Trust Utilities AlphaDEX Fund during the fourth quarter worth approximately $44,000. Glassman Wealth Services bought a new stake in shares of First Trust Utilities AlphaDEX Fund in the 4th quarter worth approximately $45,000. Finally, Triumph Capital Management purchased a new stake in shares of First Trust Utilities AlphaDEX Fund in the 3rd quarter valued at $46,000.
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.