First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Short Interest Update

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) saw a large growth in short interest in March. As of March 31st, there was short interest totaling 40,727 shares, a growth of 148.6% from the March 15th total of 16,385 shares. Based on an average daily trading volume, of 17,594 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.1% of the shares of the stock are short sold.

First Trust Consumer Staples AlphaDEX Fund Trading Down 0.8%

FXG stock opened at $64.45 on Tuesday. The firm’s 50-day moving average is $65.80 and its two-hundred day moving average is $63.53. First Trust Consumer Staples AlphaDEX Fund has a 52 week low of $59.67 and a 52 week high of $69.50. The company has a market capitalization of $244.91 million, a price-to-earnings ratio of 15.10 and a beta of 0.54.

Institutional Investors Weigh In On First Trust Consumer Staples AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of FXG. Northwestern Mutual Wealth Management Co. raised its position in First Trust Consumer Staples AlphaDEX Fund by 12,768.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 246,681 shares of the company’s stock worth $14,969,000 after acquiring an additional 244,764 shares in the last quarter. Milestones Private Investment Advisors LLC bought a new stake in First Trust Consumer Staples AlphaDEX Fund in the second quarter worth about $3,139,000. Osaic Holdings Inc. raised its position in First Trust Consumer Staples AlphaDEX Fund by 110.1% in the fourth quarter. Osaic Holdings Inc. now owns 52,722 shares of the company’s stock worth $3,199,000 after acquiring an additional 27,627 shares in the last quarter. Navellier & Associates Inc. bought a new stake in First Trust Consumer Staples AlphaDEX Fund in the fourth quarter worth about $1,387,000. Finally, Goldman Sachs Group Inc. raised its position in First Trust Consumer Staples AlphaDEX Fund by 62.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 49,475 shares of the company’s stock worth $3,002,000 after acquiring an additional 18,974 shares in the last quarter.

About First Trust Consumer Staples AlphaDEX Fund

First Trust Consumer Staples 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 Consumer Staples 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.