Short Interest in First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Increases By 1,398.7%

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 44,765 shares, an increase of 1,398.7% from the June 15th total of 2,987 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 741,071 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FXL. Northwestern Mutual Wealth Management Co. grew its stake in shares of First Trust Technology AlphaDEX Fund by 18,257.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,477,431 shares of the company’s stock worth $248,622,000 after purchasing an additional 1,469,383 shares in the last quarter. Virtue Capital Management LLC raised its stake in shares of First Trust Technology AlphaDEX Fund by 4,243.0% during the fourth quarter. Virtue Capital Management LLC now owns 43,517 shares of the company’s stock valued at $7,364,000 after purchasing an additional 42,515 shares in the last quarter. LPL Financial LLC raised its stake in shares of First Trust Technology AlphaDEX Fund by 3.9% during the fourth quarter. LPL Financial LLC now owns 576,568 shares of the company’s stock valued at $97,025,000 after purchasing an additional 21,861 shares in the last quarter. Beto Financial Group LLC acquired a new stake in First Trust Technology AlphaDEX Fund in the fourth quarter worth about $2,486,000. Finally, Genesee Capital Advisors LLC lifted its holdings in First Trust Technology AlphaDEX Fund by 12.6% in the fourth quarter. Genesee Capital Advisors LLC now owns 116,333 shares of the company’s stock worth $19,577,000 after purchasing an additional 12,999 shares during the period.

First Trust Technology AlphaDEX Fund Price Performance

Shares of NYSEARCA FXL traded down $2.36 during midday trading on Friday, hitting $207.64. 47,360 shares of the company’s stock were exchanged, compared to its average volume of 75,417. First Trust Technology AlphaDEX Fund has a twelve month low of $151.62 and a twelve month high of $224.20. The firm has a market cap of $2.62 billion, a P/E ratio of 21.63 and a beta of 1.23. The stock’s 50 day moving average price is $205.47 and its 200-day moving average price is $181.92.

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.