First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Short Interest Update

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 75,947 shares, a decrease of 50.7% from the May 31st total of 154,005 shares. Based on an average daily volume of 629,319 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FXN. NewEdge Advisors LLC boosted its holdings in First Trust Energy AlphaDEX Fund by 1,886.8% in the first quarter. NewEdge Advisors LLC now owns 684,027 shares of the company’s stock valued at $15,363,000 after purchasing an additional 649,599 shares in the last quarter. Gateway Wealth Partners LLC boosted its holdings in shares of First Trust Energy AlphaDEX Fund by 19.8% in the 1st quarter. Gateway Wealth Partners LLC now owns 12,072 shares of the company’s stock valued at $271,000 after buying an additional 1,994 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of First Trust Energy AlphaDEX Fund in the 1st quarter valued at $306,000. Kestra Advisory Services LLC raised its stake in First Trust Energy AlphaDEX Fund by 5.5% during the 1st quarter. Kestra Advisory Services LLC now owns 51,123 shares of the company’s stock worth $1,148,000 after acquiring an additional 2,681 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in First Trust Energy AlphaDEX Fund in the first quarter valued at $672,402,000.

First Trust Energy AlphaDEX Fund Price Performance

Shares of First Trust Energy AlphaDEX Fund stock traded up $0.04 during trading on Thursday, hitting $20.05. 172,817 shares of the stock were exchanged, compared to its average volume of 1,657,380. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 10.63 and a beta of 0.54. The firm’s 50-day moving average price is $21.44 and its 200 day moving average price is $19.98. First Trust Energy AlphaDEX Fund has a 12-month low of $15.10 and a 12-month high of $23.43.

First Trust Energy AlphaDEX Fund Company Profile

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.