First Trust Utilities AlphaDEX Fund (FXU) Short Interest Update

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First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 5,863,938 shares, a growth of 63,061.8% from the April 15th total of 9,284 shares. Based on an average trading volume of 4,194,763 shares, the short-interest ratio is presently 1.4 days.

Institutional investors have recently modified their holdings of the stock. Shamrock Asset Management LLC purchased a new position in shares of First Trust Utilities AlphaDEX Fund during the first quarter worth $6,850,000. Bank of America Corp DE boosted its position in shares of First Trust Utilities AlphaDEX Fund by 116.0% during the fourth quarter. Bank of America Corp DE now owns 376,329 shares of the company’s stock worth $10,077,000 after buying an additional 202,086 shares during the period. FormulaFolio Investments LLC purchased a new position in shares of First Trust Utilities AlphaDEX Fund during the first quarter worth $3,943,000. MML Investors Services LLC boosted its position in shares of First Trust Utilities AlphaDEX Fund by 785.4% during the first quarter. MML Investors Services LLC now owns 133,285 shares of the company’s stock worth $3,769,000 after buying an additional 118,231 shares during the period. Finally, LPL Financial LLC boosted its position in shares of First Trust Utilities AlphaDEX Fund by 78.1% during the fourth quarter. LPL Financial LLC now owns 239,794 shares of the company’s stock worth $6,422,000 after buying an additional 105,180 shares during the period.

Shares of First Trust Utilities AlphaDEX Fund stock opened at $28.82 on Monday. First Trust Utilities AlphaDEX Fund has a fifty-two week low of $24.95 and a fifty-two week high of $29.08.

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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.

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