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

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 11,148 shares, a decrease of 47.5% from the August 31st total of 21,229 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 214,051 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On First Trust Utilities AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in the company. Earned Wealth Advisors LLC increased its position in shares of First Trust Utilities AlphaDEX Fund by 1.5% in the first quarter. Earned Wealth Advisors LLC now owns 379,257 shares of the company’s stock valued at $18,807,000 after acquiring an additional 5,750 shares during the period. WCG Wealth Advisors LLC grew its stake in shares of First Trust Utilities AlphaDEX Fund by 172.5% in the fourth quarter. WCG Wealth Advisors LLC now owns 371,681 shares of the company’s stock worth $16,730,000 after purchasing an additional 235,296 shares during the last quarter. Cetera Investment Advisers increased its holdings in First Trust Utilities AlphaDEX Fund by 13.5% during the 1st quarter. Cetera Investment Advisers now owns 335,969 shares of the company’s stock valued at $16,661,000 after purchasing an additional 39,872 shares during the period. Rockport Wealth LLC increased its holdings in First Trust Utilities AlphaDEX Fund by 3,195.9% during the 1st quarter. Rockport Wealth LLC now owns 228,438 shares of the company’s stock valued at $11,326,000 after purchasing an additional 221,507 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in First Trust Utilities AlphaDEX Fund by 0.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 158,068 shares of the company’s stock valued at $7,839,000 after purchasing an additional 751 shares during the last quarter.

First Trust Utilities AlphaDEX Fund Stock Up 0.5%

Shares of NYSEARCA FXU traded up $0.20 during trading hours on Thursday, reaching $44.12. 316,165 shares of the stock traded hands, compared to its average volume of 454,034. The company has a market capitalization of $732.39 million, a P/E ratio of 17.41 and a beta of 0.60. First Trust Utilities AlphaDEX Fund has a 52-week low of $43.40 and a 52-week high of $51.62. The company’s 50-day simple moving average is $47.22 and its two-hundred day simple moving average is $48.44.

About First Trust Utilities AlphaDEX Fund

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.