First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Sees Significant Decline in Short Interest

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 59,492 shares, a decrease of 50.1% from the January 15th total of 119,275 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 720,387 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 720,387 shares, the short-interest ratio is presently 0.1 days. Approximately 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust Energy AlphaDEX Fund

Institutional investors have recently bought and sold shares of the company. Stifel Financial Corp lifted its stake in shares of First Trust Energy AlphaDEX Fund by 171.0% in the 4th quarter. Stifel Financial Corp now owns 92,667 shares of the company’s stock worth $1,526,000 after acquiring an additional 58,474 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in First Trust Energy AlphaDEX Fund during the fourth quarter worth about $28,000. RPg Family Wealth Advisory LLC purchased a new position in First Trust Energy AlphaDEX Fund during the fourth quarter worth about $510,000. Jane Street Group LLC acquired a new stake in First Trust Energy AlphaDEX Fund in the fourth quarter valued at about $660,000. Finally, Janney Montgomery Scott LLC boosted its holdings in First Trust Energy AlphaDEX Fund by 10.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 78,209 shares of the company’s stock valued at $1,288,000 after purchasing an additional 7,618 shares in the last quarter.

First Trust Energy AlphaDEX Fund Price Performance

Shares of FXN stock traded up $0.29 during midday trading on Friday, hitting $19.43. The company had a trading volume of 578,551 shares, compared to its average volume of 726,655. The stock has a market cap of $288.54 million, a price-to-earnings ratio of 10.63 and a beta of 0.88. The company’s 50 day simple moving average is $17.34 and its 200 day simple moving average is $16.53. First Trust Energy AlphaDEX Fund has a 52-week low of $12.55 and a 52-week high of $19.57.

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.