First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Sees Large Volume Increase – What’s Next?

Shares of First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) saw unusually-high trading volume on Thursday . Approximately 2,329,451 shares changed hands during mid-day trading, an increase of 103% from the previous session’s volume of 1,146,597 shares.The stock last traded at $20.3560 and had previously closed at $20.28.

First Trust Energy AlphaDEX Fund Stock Performance

The stock has a 50-day moving average price of $21.49 and a two-hundred day moving average price of $19.87. The stock has a market capitalization of $1.10 billion, a PE ratio of 10.63 and a beta of 0.53.

Hedge Funds Weigh In On First Trust Energy AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in FXN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of First Trust Energy AlphaDEX Fund in the fourth quarter worth $28,000. AlphaCore Capital LLC bought a new position in First Trust Energy AlphaDEX Fund in the 4th quarter worth $31,000. Silver Grove Financial Group Inc. bought a new position in First Trust Energy AlphaDEX Fund in the 4th quarter worth $39,000. Sound Income Strategies LLC bought a new position in First Trust Energy AlphaDEX Fund in the 4th quarter worth $40,000. Finally, Hazlett Burt & Watson Inc. increased its stake in First Trust Energy AlphaDEX Fund by 22.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 3,866 shares of the company’s stock worth $65,000 after buying an additional 700 shares in the last quarter.

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.