First Trust Financials AlphaDEX® Fund 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.
Stock Performance
First Trust Financials AlphaDEX® Fund (FXO) stock last traded at $60.00, down 0.87% from the previous close. Over the past 12 months, the stock has gained 17.3%.
Latest News
First Trust Financials AlphaDEX® Fund has 1 recent news article. Of the recent coverage, 0 articles coincided with positive price movement and 1 with negative movement. View all FXO news →
SEC Filings
First Trust Financials AlphaDEX® Fund has filed 1 recent SEC filing, including 1 Form SCHEDULE 13G/A. The most recent filing was submitted on July 23, 2025. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all FXO SEC filings →
Financial Highlights
Upcoming Events
Short Interest History
Short interest in First Trust Financials AlphaDEX® Fund (FXO) currently stands at 13.8 thousand shares, up 114.6% from the previous reporting period, representing 0.1% of the float. Over the past 12 months, short interest has increased by 330.5%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for First Trust Financials AlphaDEX® Fund (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.