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

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 17,230 shares, a drop of 74.1% from the July 30th total of 66,564 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 376,764 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of First Trust Energy AlphaDEX Fund in the 4th quarter valued at about $28,000. AlphaCore Capital LLC purchased a new position in First Trust Energy AlphaDEX Fund during the fourth quarter worth approximately $31,000. Silver Grove Financial Group Inc. purchased a new position in First Trust Energy AlphaDEX Fund during the fourth quarter worth approximately $39,000. Hazlett Burt & Watson Inc. grew its holdings in First Trust Energy AlphaDEX Fund by 22.1% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 3,866 shares of the company’s stock valued at $65,000 after purchasing an additional 700 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in First Trust Energy AlphaDEX Fund in the third quarter valued at approximately $70,000.

First Trust Energy AlphaDEX Fund Stock Up 0.2%

Shares of NYSEARCA:FXN traded up $0.04 during trading on Friday, hitting $23.41. The stock had a trading volume of 270,065 shares, compared to its average volume of 1,353,362. First Trust Energy AlphaDEX Fund has a 12-month low of $15.18 and a 12-month high of $23.97. The stock has a market capitalization of $401.48 million, a price-to-earnings ratio of 10.63 and a beta of 0.54. The stock has a 50-day simple moving average of $21.67 and a two-hundred day simple moving average of $21.37.

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.