First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Short Interest Down 74.4% in February

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) was the target of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 2,744 shares, a decrease of 74.4% from the January 29th total of 10,705 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 17,737 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 17,737 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

First Trust Technology AlphaDEX Fund Stock Performance

FXL stock traded down $0.50 during midday trading on Thursday, hitting $166.82. 7,184 shares of the stock were exchanged, compared to its average volume of 13,952. The stock’s 50-day moving average price is $170.39 and its 200-day moving average price is $168.02. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 21.63 and a beta of 1.19. First Trust Technology AlphaDEX Fund has a fifty-two week low of $110.83 and a fifty-two week high of $177.51.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its stake in First Trust Technology AlphaDEX Fund by 7.8% in the 1st quarter. Royal Bank of Canada now owns 67,603 shares of the company’s stock valued at $8,941,000 after acquiring an additional 4,878 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of First Trust Technology AlphaDEX Fund by 20.4% in the first quarter. Jane Street Group LLC now owns 13,123 shares of the company’s stock valued at $1,736,000 after purchasing an additional 2,220 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of First Trust Technology AlphaDEX Fund by 6.7% in the second quarter. Envestnet Asset Management Inc. now owns 97,898 shares of the company’s stock valued at $15,405,000 after purchasing an additional 6,129 shares during the last quarter. Biltmore Family Office LLC acquired a new stake in shares of First Trust Technology AlphaDEX Fund in the second quarter valued at approximately $69,000. Finally, Wealth Management Associates Inc. purchased a new position in shares of First Trust Technology AlphaDEX Fund during the 2nd quarter worth approximately $231,000.

About First Trust Technology AlphaDEX Fund

First Trust Technology AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the StrataQuant Technology Index (the Index). The Index is an enhanced index created and administered by the AMEX, which employs the AlphaDEX stock selection methodology to select stocks from the Russell 1000 Index. The AMEX constructs the Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.