First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Sees Significant Decline in Short Interest

by · The Cerbat Gem

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR – Get Free Report) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 12,527 shares, a decline of 85.8% from the March 31st total of 88,405 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 56,402 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Industrials/Producer Durables AlphaDEX Fund Price Performance

Shares of FXR traded down $0.74 during trading hours on Friday, hitting $87.42. The stock had a trading volume of 40,523 shares, compared to its average volume of 76,863. The company’s fifty day moving average is $85.66 and its two-hundred day moving average is $82.75. First Trust Industrials/Producer Durables AlphaDEX Fund has a 52 week low of $66.03 and a 52 week high of $92.78. The stock has a market capitalization of $699.36 million, a price-to-earnings ratio of 17.44 and a beta of 1.13.

Institutional Investors Weigh In On First Trust Industrials/Producer Durables AlphaDEX Fund

Large investors have recently made changes to their positions in the company. Mather Group LLC. bought a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the 3rd quarter worth about $27,000. Providence Capital Advisors LLC bought a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the 3rd quarter worth about $30,000. Ameriflex Group Inc. bought a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the 3rd quarter worth about $40,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the 4th quarter worth about $57,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the 4th quarter worth about $61,000.

First Trust Industrials/Producer Durables AlphaDEX Fund Company Profile

(Get Free Report)

First Trust Industrials/Producer Durables 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 Industrials 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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