First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Sees Large Growth in Short Interest

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 22,411 shares, an increase of 240.6% from the April 15th total of 6,580 shares. Based on an average daily trading volume, of 74,977 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

First Trust Financials AlphaDEX Fund Price Performance

FXO stock traded down $0.16 during trading on Friday, hitting $58.37. The stock had a trading volume of 31,901 shares, compared to its average volume of 333,474. First Trust Financials AlphaDEX Fund has a twelve month low of $52.35 and a twelve month high of $62.44. The stock has a market capitalization of $1.04 billion, a P/E ratio of 12.42 and a beta of 0.97. The company’s 50-day moving average price is $57.86 and its two-hundred day moving average price is $59.21.

Institutional Investors Weigh In On First Trust Financials AlphaDEX Fund

Several institutional investors have recently bought and sold shares of the company. Kestra Private Wealth Services LLC boosted its holdings in First Trust Financials AlphaDEX Fund by 5.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 3,584 shares of the company’s stock worth $201,000 after buying an additional 172 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in First Trust Financials AlphaDEX Fund by 2.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,724 shares of the company’s stock worth $518,000 after buying an additional 191 shares during the last quarter. KKM Financial LLC boosted its holdings in First Trust Financials AlphaDEX Fund by 1.5% in the 3rd quarter. KKM Financial LLC now owns 13,101 shares of the company’s stock worth $778,000 after buying an additional 192 shares during the last quarter. Tudor Financial Inc. boosted its holdings in First Trust Financials AlphaDEX Fund by 1.9% in the 4th quarter. Tudor Financial Inc. now owns 13,757 shares of the company’s stock worth $830,000 after buying an additional 263 shares during the last quarter. Finally, HF Advisory Group LLC boosted its holdings in First Trust Financials AlphaDEX Fund by 2.5% in the 1st quarter. HF Advisory Group LLC now owns 11,566 shares of the company’s stock worth $650,000 after buying an additional 286 shares during the last quarter.

First Trust Financials AlphaDEX Fund Company Profile

First Trust Financials AlphaDEX Fund (the Fund) is an exchange-traded fund. It seeks investment results that correspond generally to the price and yield of an equity index called the StrataQuant Financials Index (the Index). The StrataQuant Financials 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 StrataQuant Financials Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including three, six 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.