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

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 123,423 shares, a growth of 2,677.3% from the June 15th total of 4,444 shares. Based on an average daily volume of 66,541 shares, the short-interest ratio is currently 1.9 days. Approximately 1.5% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust Industrials/Producer Durables AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in First Trust Industrials/Producer Durables AlphaDEX Fund during the fourth quarter valued at approximately $57,000. Hilton Head Capital Partners LLC purchased a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund in the fourth quarter worth approximately $61,000. Northwestern Mutual Wealth Management Co. grew its position in First Trust Industrials/Producer Durables AlphaDEX Fund by 15.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,002 shares of the company’s stock worth $74,000 after purchasing an additional 133 shares during the period. Western Wealth Management LLC bought a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund in the 1st quarter worth approximately $146,000. Finally, Parallel Advisors LLC purchased a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund during the 1st quarter valued at $161,000.

First Trust Industrials/Producer Durables AlphaDEX Fund Stock Performance

Shares of First Trust Industrials/Producer Durables AlphaDEX Fund stock traded up $0.25 during midday trading on Friday, hitting $88.93. The company had a trading volume of 17,127 shares, compared to its average volume of 59,456. The stock has a market capitalization of $733.67 million, a P/E ratio of 17.44 and a beta of 1.07. The company has a 50 day moving average of $87.47 and a 200 day moving average of $86.28. First Trust Industrials/Producer Durables AlphaDEX Fund has a 52-week low of $73.08 and a 52-week high of $92.78.

About First Trust Industrials/Producer Durables AlphaDEX Fund

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.