First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Sees Large Drop in Short Interest

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 47,963 shares, a drop of 73.0% from the November 30th total of 177,738 shares. Based on an average daily volume of 239,943 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 239,943 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust Energy AlphaDEX Fund

Several large investors have recently made changes to their positions in FXN. Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Trust Energy AlphaDEX Fund by 3.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 24,536 shares of the company’s stock worth $372,000 after purchasing an additional 746 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in First Trust Energy AlphaDEX Fund by 116.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 3,166 shares of the company’s stock worth $50,000 after buying an additional 1,700 shares during the last quarter. OneAscent Financial Services LLC increased its holdings in shares of First Trust Energy AlphaDEX Fund by 5.2% in the third quarter. OneAscent Financial Services LLC now owns 44,824 shares of the company’s stock valued at $731,000 after buying an additional 2,210 shares in the last quarter. REAP Financial Group LLC increased its holdings in shares of First Trust Energy AlphaDEX Fund by 33.6% in the third quarter. REAP Financial Group LLC now owns 9,843 shares of the company’s stock valued at $160,000 after buying an additional 2,478 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of First Trust Energy AlphaDEX Fund by 10.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 27,860 shares of the company’s stock valued at $468,000 after acquiring an additional 2,642 shares during the last quarter.

First Trust Energy AlphaDEX Fund Stock Down 0.5%

Shares of First Trust Energy AlphaDEX Fund stock opened at $16.33 on Thursday. The business has a fifty day simple moving average of $16.35 and a 200-day simple moving average of $16.04. First Trust Energy AlphaDEX Fund has a fifty-two week low of $12.55 and a fifty-two week high of $18.13. The firm has a market cap of $272.71 million, a price-to-earnings ratio of 10.63 and a beta of 0.88.

About First Trust Energy AlphaDEX Fund

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.