First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Short Interest Down 75.8% in August

by · The Markets Daily

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG – Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 1,222 shares, a decrease of 75.8% from the July 30th total of 5,053 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 7,422 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Consumer Staples AlphaDEX Fund Stock Up 0.7%

First Trust Consumer Staples AlphaDEX Fund stock traded up $0.44 during mid-day trading on Friday, hitting $65.43. 3,203 shares of the stock were exchanged, compared to its average volume of 20,490. First Trust Consumer Staples AlphaDEX Fund has a 12 month low of $59.67 and a 12 month high of $69.50. The firm’s fifty day simple moving average is $64.51 and its two-hundred day simple moving average is $64.20. The stock has a market capitalization of $229.01 million, a price-to-earnings ratio of 15.10 and a beta of 0.49.

Hedge Funds Weigh In On First Trust Consumer Staples AlphaDEX Fund

A number of institutional investors have recently modified their holdings of FXG. Cetera Investment Advisers lifted its position in shares of First Trust Consumer Staples AlphaDEX Fund by 17.5% during the 1st quarter. Cetera Investment Advisers now owns 28,824 shares of the company’s stock worth $1,837,000 after buying an additional 4,297 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of First Trust Consumer Staples AlphaDEX Fund during the 1st quarter valued at $191,000. Kestra Advisory Services LLC lifted its holdings in First Trust Consumer Staples AlphaDEX Fund by 4.2% during the first quarter. Kestra Advisory Services LLC now owns 12,009 shares of the company’s stock valued at $765,000 after purchasing an additional 488 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of First Trust Consumer Staples AlphaDEX Fund by 5.7% during the 1st quarter. Private Advisor Group LLC now owns 8,614 shares of the company’s stock valued at $549,000 after buying an additional 463 shares in the last quarter. Finally, Milestones Private Investment Advisors LLC lifted its position in shares of First Trust Consumer Staples AlphaDEX Fund by 2.6% during the first quarter. Milestones Private Investment Advisors LLC now owns 58,095 shares of the company’s stock worth $3,702,000 after acquiring an additional 1,456 shares in the last quarter.

First Trust Consumer Staples AlphaDEX Fund Company Profile

(Get Free Report)

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.

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