First Trust Financials AlphaDEX® ETF Stock Price, News & Analysis
Company Description
The First Trust Financials AlphaDEX Fund (NASDAQ: FXO) is an exchange-traded fund (ETF) that seeks to track the performance of the StrataQuant Financials Index. According to available information, this index is composed of companies from the financial services sector that are selected using the AlphaDEX methodology, which applies fundamental growth and value factors to screen and weight individual stocks.
As an ETF linked to the StrataQuant Financials Index, FXO provides exposure to a basket of financial services companies that meet the index’s selection criteria. The AlphaDEX methodology evaluates stocks on measures related to growth and value, and then uses those evaluations to determine which securities are included in the index and how they are weighted. This rules-based approach is designed to reflect a specific view of fundamental characteristics within the financials universe, rather than simply following a traditional market-capitalization weighting.
In one documented portfolio rebalancing, FXO acquired shares of Freedom Holding Corp. (NASDAQ: FRHC), a financial and technology group, and added them to its holdings. Following that transaction, Freedom Holding became one of the larger positions within the underlying index that FXO tracks. This example illustrates how changes in the StrataQuant Financials Index, driven by the AlphaDEX screening process, can affect the composition of the fund’s portfolio over time.
The fund’s focus on the financial services sector means its holdings are concentrated in companies that operate in areas such as banking, investment services, insurance, and related financial activities, as defined by the index rules. Because FXO is structured to follow a published index, its portfolio is adjusted through scheduled rebalancing events when the index itself is updated based on the AlphaDEX methodology.
Investors researching FXO can use this context to understand that the fund is not actively picking individual securities based on discretionary management. Instead, it is designed to mirror the composition and factor-driven selection process of the StrataQuant Financials Index, with an emphasis on fundamental growth and value characteristics within the financials sector.
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Short Interest History
Short interest in First Trust Financials AlphaDEX® ETF (FXO) currently stands at 52.8 thousand shares, up 220.5% from the previous reporting period, representing 0.2% of the float. Over the past 12 months, short interest has decreased by 28.7%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for First Trust Financials AlphaDEX® ETF (FXO) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The ratio has shown significant volatility over the period, ranging from 1.0 to 1.5 days.