First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Short Interest Down 50.7% in June

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 75,947 shares, a drop of 50.7% from the May 31st total of 154,005 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 629,319 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Silver Grove Financial Group Inc. bought a new position in First Trust Energy AlphaDEX Fund during the 4th quarter worth approximately $39,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of First Trust Energy AlphaDEX Fund during the fourth quarter worth $510,000. Hilton Head Capital Partners LLC bought a new position in First Trust Energy AlphaDEX Fund during the fourth quarter worth $128,000. Kesler Norman & Wride LLC raised its stake in First Trust Energy AlphaDEX Fund by 2.6% during the fourth quarter. Kesler Norman & Wride LLC now owns 43,224 shares of the company’s stock worth $712,000 after buying an additional 1,103 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted 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 buying an additional 700 shares during the period.

First Trust Energy AlphaDEX Fund Price Performance

Shares of First Trust Energy AlphaDEX Fund stock traded up $0.20 during trading on Tuesday, hitting $20.45. The company’s stock had a trading volume of 375,954 shares, compared to its average volume of 1,655,076. First Trust Energy AlphaDEX Fund has a 52 week low of $15.06 and a 52 week high of $23.43. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 10.63 and a beta of 0.53. The stock has a 50-day moving average price of $21.46 and a two-hundred day moving average price of $19.94.

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.