First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Short Interest Up 121.2% in July

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 74,521 shares, an increase of 121.2% from the July 15th total of 33,689 shares. Based on an average daily trading volume, of 15,617 shares, the short-interest ratio is currently 4.8 days. Approximately 1.9% of the shares of the company are short sold.

Institutional Trading of First Trust Consumer Discretionary AlphaDEX Fund

A number of institutional investors and hedge funds have recently modified their holdings of FXD. Kestra Advisory Services LLC raised its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 0.8% in the fourth quarter. Kestra Advisory Services LLC now owns 17,884 shares of the company’s stock valued at $1,223,000 after purchasing an additional 145 shares in the last quarter. Creative Planning boosted its stake in First Trust Consumer Discretionary AlphaDEX Fund by 5.9% during the third quarter. Creative Planning now owns 4,995 shares of the company’s stock worth $341,000 after buying an additional 278 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in First Trust Consumer Discretionary AlphaDEX Fund by 9.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,700 shares of the company’s stock worth $253,000 after buying an additional 304 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in First Trust Consumer Discretionary AlphaDEX Fund by 1.7% in the 4th quarter. Benjamin Edwards Inc. now owns 26,908 shares of the company’s stock valued at $1,840,000 after buying an additional 447 shares during the period. Finally, SHP Wealth Management bought a new stake in First Trust Consumer Discretionary AlphaDEX Fund in the 4th quarter valued at $36,000.

First Trust Consumer Discretionary AlphaDEX Fund Trading Down 0.2%

FXD traded down $0.17 on Friday, hitting $70.84. 3,458 shares of the stock traded hands, compared to its average volume of 15,189. First Trust Consumer Discretionary AlphaDEX Fund has a 52 week low of $61.86 and a 52 week high of $72.50. The firm has a market capitalization of $272.73 million, a PE ratio of 13.17 and a beta of 1.12. The business has a fifty day moving average price of $69.51 and a two-hundred day moving average price of $67.94.

First Trust Consumer Discretionary AlphaDEX Fund Company Profile

First Trust Consumer Discretionary 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 Discretionary 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.