First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Short Interest Down 57.7% in August

by · The Markets Daily

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU – Get Free Report) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 30,864 shares, a decline of 57.7% from the July 30th total of 72,946 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 307,427 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. First Trust Advisors LP grew its holdings in First Trust Utilities AlphaDEX Fund by 5.3% in the fourth quarter. First Trust Advisors LP now owns 16,901,242 shares of the company’s stock worth $760,725,000 after purchasing an additional 849,177 shares during the period. Morgan Stanley increased its stake in First Trust Utilities AlphaDEX Fund by 7.2% in the fourth quarter. Morgan Stanley now owns 3,172,178 shares of the company’s stock valued at $142,780,000 after purchasing an additional 213,428 shares in the last quarter. LPL Financial LLC raised its holdings in shares of First Trust Utilities AlphaDEX Fund by 8.5% during the fourth quarter. LPL Financial LLC now owns 1,707,256 shares of the company’s stock valued at $76,844,000 after purchasing an additional 134,092 shares during the period. Raymond James Financial Inc. raised its holdings in shares of First Trust Utilities AlphaDEX Fund by 13.0% during the third quarter. Raymond James Financial Inc. now owns 932,394 shares of the company’s stock valued at $42,377,000 after purchasing an additional 107,425 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of First Trust Utilities AlphaDEX Fund by 10.9% during the 3rd quarter. Bank of America Corp DE now owns 861,617 shares of the company’s stock worth $39,161,000 after purchasing an additional 84,697 shares in the last quarter.

First Trust Utilities AlphaDEX Fund Stock Down 1.0%

FXU traded down $0.47 during trading on Friday, hitting $47.34. The company’s stock had a trading volume of 223,111 shares, compared to its average volume of 486,719. The firm has a market capitalization of $811.88 million, a P/E ratio of 17.41 and a beta of 0.61. First Trust Utilities AlphaDEX Fund has a twelve month low of $43.19 and a twelve month high of $51.62. The stock’s fifty day moving average price is $48.99 and its 200-day moving average price is $49.10.

About First Trust Utilities AlphaDEX Fund

(Get Free Report)

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.

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