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

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 37,157 shares, a decrease of 22.5% from the December 15th total of 47,963 shares. Based on an average trading volume of 279,712 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 279,712 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

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

First Trust Energy AlphaDEX Fund Price Performance

Shares of FXN traded up $0.01 during mid-day trading on Friday, hitting $17.06. The company’s stock had a trading volume of 323,435 shares, compared to its average volume of 649,449. The firm has a 50-day moving average price of $16.66 and a 200 day moving average price of $16.17. First Trust Energy AlphaDEX Fund has a fifty-two week low of $12.55 and a fifty-two week high of $18.13. The stock has a market capitalization of $254.19 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.