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

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 119,275 shares, a growth of 221.0% from the December 31st total of 37,157 shares. Based on an average daily trading volume, of 682,097 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.8% of the shares of the company are sold short. Approximately 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 682,097 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new position in First Trust Energy AlphaDEX Fund in the 3rd quarter worth about $186,000. Jones Financial Companies Lllp boosted its stake in shares of First Trust Energy AlphaDEX Fund by 10.5% during the third quarter. Jones Financial Companies Lllp now owns 27,860 shares of the company’s stock valued at $468,000 after purchasing an additional 2,642 shares in the last quarter. Calton & Associates Inc. bought a new stake in shares of First Trust Energy AlphaDEX Fund during the third quarter worth about $172,000. Envestnet Asset Management Inc. increased its stake in shares of First Trust Energy AlphaDEX Fund by 6.6% in the third quarter. Envestnet Asset Management Inc. now owns 51,112 shares of the company’s stock valued at $833,000 after buying an additional 3,159 shares during the period. Finally, US Bancorp DE raised its holdings in First Trust Energy AlphaDEX Fund by 33,603.1% in the 3rd quarter. US Bancorp DE now owns 53,925 shares of the company’s stock valued at $879,000 after buying an additional 53,765 shares during the last quarter.

First Trust Energy AlphaDEX Fund Stock Up 0.7%

Shares of First Trust Energy AlphaDEX Fund stock traded up $0.13 during trading on Friday, reaching $18.35. The company’s stock had a trading volume of 1,026,262 shares, compared to its average volume of 701,198. The business’s 50-day moving average price is $16.92 and its 200-day moving average price is $16.30. First Trust Energy AlphaDEX Fund has a 52 week low of $12.55 and a 52 week high of $18.66. The firm has a market cap of $272.50 million, a PE ratio of 10.63 and a beta of 0.88.

About First Trust Energy AlphaDEX Fund

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.