First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Short Interest Up 160.9% in February

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 29,468 shares, an increase of 160.9% from the January 29th total of 11,295 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 606,096 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 606,096 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust Utilities AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV bought a new stake in shares of First Trust Utilities AlphaDEX Fund in the 4th quarter valued at $214,000. Quadrature Capital Ltd bought a new stake in First Trust Utilities AlphaDEX Fund during the fourth quarter worth $6,001,000. Gotham Asset Management LLC purchased a new position in shares of First Trust Utilities AlphaDEX Fund in the 4th quarter worth about $356,000. Asset One Wealth Management LLC purchased a new position in First Trust Utilities AlphaDEX Fund in the fourth quarter valued at about $622,000. Finally, Cetera Investment Advisers grew its holdings in First Trust Utilities AlphaDEX Fund by 64.6% during the fourth quarter. Cetera Investment Advisers now owns 296,097 shares of the company’s stock valued at $13,327,000 after purchasing an additional 116,240 shares during the period.

First Trust Utilities AlphaDEX Fund Price Performance

NYSEARCA FXU opened at $51.00 on Friday. The firm has a market cap of $887.40 million, a PE ratio of 17.41 and a beta of 0.67. First Trust Utilities AlphaDEX Fund has a one year low of $36.88 and a one year high of $51.09. The stock’s 50 day simple moving average is $46.91 and its 200 day simple moving average is $46.02.

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.