First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Sees Strong Trading Volume

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) saw unusually-high trading volume on Wednesday . Approximately 1,611,005 shares changed hands during mid-day trading, a decline of 16% from the previous session’s volume of 1,910,457 shares.The stock last traded at $18.50 and had previously closed at $18.49.

First Trust Energy AlphaDEX Fund Stock Performance

The stock has a market cap of $607.66 million, a PE ratio of 6.84 and a beta of 1.82. The stock has a fifty day simple moving average of $17.85 and a two-hundred day simple moving average of $17.16.

Hedge Funds Weigh In On First Trust Energy AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in FXN. JPMorgan Chase & Co. boosted its stake in shares of First Trust Energy AlphaDEX Fund by 15,020,600.0% during the 1st quarter. JPMorgan Chase & Co. now owns 150,207 shares of the company’s stock valued at $2,393,000 after buying an additional 150,206 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of First Trust Energy AlphaDEX Fund during the 1st quarter valued at approximately $184,000. PNC Financial Services Group Inc. boosted its stake in shares of First Trust Energy AlphaDEX Fund by 83.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 36,458 shares of the company’s stock valued at $581,000 after buying an additional 16,625 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of First Trust Energy AlphaDEX Fund by 194.4% during the 1st quarter. Cetera Investment Advisers now owns 113,642 shares of the company’s stock valued at $1,810,000 after buying an additional 75,041 shares during the last quarter. Finally, Moors & Cabot Inc. acquired a new stake in shares of First Trust Energy AlphaDEX Fund during the 1st quarter valued at approximately $204,000.

First Trust Energy AlphaDEX Fund Company Profile

The First Trust Energy AlphaDEX Fund (FXN) is an exchange-traded fund that is based on the StrataQuant Energy index. The fund tracks an index of large- and mid-cap US energy stocks. The underlying index uses multi-factor selection and tiered equal-weighting. FXN was launched on May 8, 2007 and is managed by First Trust.