First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Short Interest Update

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 50,678 shares, a decline of 64.4% from the April 15th total of 142,296 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 283,831 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Utilities AlphaDEX Fund Trading Up 0.6%

NYSEARCA FXU traded up $0.29 on Thursday, hitting $48.15. 320,916 shares of the company’s stock were exchanged, compared to its average volume of 670,309. The stock has a 50-day moving average of $49.51 and a 200-day moving average of $47.64. First Trust Utilities AlphaDEX Fund has a 52 week low of $41.42 and a 52 week high of $51.62. The stock has a market cap of $869.11 million, a price-to-earnings ratio of 17.41 and a beta of 0.64.

Hedge Funds Weigh In On First Trust Utilities AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of FXU. First Trust Advisors LP increased its stake in shares of First Trust Utilities AlphaDEX Fund by 5.3% in the 4th quarter. First Trust Advisors LP now owns 16,901,242 shares of the company’s stock valued at $760,725,000 after purchasing an additional 849,177 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of First Trust Utilities AlphaDEX Fund by 86.0% in the 2nd quarter. Raymond James Financial Inc. now owns 824,969 shares of the company’s stock valued at $34,962,000 after purchasing an additional 381,462 shares during the last quarter. Earned Wealth Advisors LLC bought a new position in shares of First Trust Utilities AlphaDEX Fund in the 4th quarter valued at $16,812,000. &PARTNERS bought a new position in shares of First Trust Utilities AlphaDEX Fund in the 4th quarter valued at $11,840,000. Finally, WCG Wealth Advisors LLC increased its stake in shares of First Trust Utilities AlphaDEX Fund by 172.5% in the 4th quarter. WCG Wealth Advisors LLC now owns 371,681 shares of the company’s stock valued at $16,730,000 after purchasing an additional 235,296 shares during the last quarter.

First Trust Utilities AlphaDEX Fund Company Profile

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.