First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Short Interest Update

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 9,818 shares, an increase of 78.2% from the March 31st total of 5,509 shares. Based on an average trading volume of 19,753 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s shares are short sold.

First Trust Technology AlphaDEX Fund Trading Down 1.9%

NYSEARCA FXL opened at $180.64 on Wednesday. First Trust Technology AlphaDEX Fund has a 1-year low of $132.52 and a 1-year high of $186.52. The stock has a 50-day moving average of $167.38 and a 200-day moving average of $169.01. The firm has a market cap of $1.46 billion, a PE ratio of 21.63 and a beta of 1.17.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FXL. Huntington National Bank bought a new stake in shares of First Trust Technology AlphaDEX Fund in the 3rd quarter valued at about $36,000. Optiver Holding B.V. bought a new stake in shares of First Trust Technology AlphaDEX Fund in the 3rd quarter valued at about $39,000. Hilton Head Capital Partners LLC bought a new stake in shares of First Trust Technology AlphaDEX Fund in the 4th quarter valued at about $42,000. Flagship Harbor Advisors LLC bought a new stake in shares of First Trust Technology AlphaDEX Fund in the 4th quarter valued at about $46,000. Finally, Assetmark Inc. lifted its stake in shares of First Trust Technology AlphaDEX Fund by 16.6% in the 4th quarter. Assetmark Inc. now owns 652 shares of the company’s stock valued at $110,000 after acquiring an additional 93 shares during the last quarter.

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.