First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Short Interest Down 86.6% in June

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,987 shares, a drop of 86.6% from the May 31st total of 22,277 shares. Based on an average daily volume of 29,461 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Huntington National Bank acquired a new position in First Trust Technology AlphaDEX Fund in the third quarter valued at approximately $36,000. Optiver Holding B.V. acquired a new stake in shares of First Trust Technology AlphaDEX Fund during the 3rd quarter worth approximately $39,000. Hilton Head Capital Partners LLC bought a new stake in shares of First Trust Technology AlphaDEX Fund in the 4th quarter worth approximately $42,000. Flagship Harbor Advisors LLC bought a new stake in shares of First Trust Technology AlphaDEX Fund in the 4th quarter worth approximately $46,000. Finally, Bessemer Group Inc. boosted its position in First Trust Technology AlphaDEX Fund by 66.8% during the 1st quarter. Bessemer Group Inc. now owns 387 shares of the company’s stock valued at $62,000 after purchasing an additional 155 shares during the period.

First Trust Technology AlphaDEX Fund Stock Down 1.6%

FXL stock traded down $3.29 during trading on Friday, hitting $206.44. 47,656 shares of the company’s stock traded hands, compared to its average volume of 22,526. First Trust Technology AlphaDEX Fund has a 52 week low of $151.62 and a 52 week high of $224.20. The stock has a fifty day moving average price of $199.64 and a two-hundred day moving average price of $179.11. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 21.63 and a beta of 1.24.

First Trust Technology AlphaDEX Fund Company Profile

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.