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

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 59,492 shares, a decrease of 50.1% from the January 15th total of 119,275 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 720,387 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 720,387 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the shares of the company are sold short.

First Trust Energy AlphaDEX Fund Stock Performance

Shares of NYSEARCA FXN traded down $0.37 during trading hours on Thursday, reaching $19.18. 748,140 shares of the stock were exchanged, compared to its average volume of 720,577. The firm has a market capitalization of $284.75 million, a price-to-earnings ratio of 10.63 and a beta of 0.88. The stock’s fifty day simple moving average is $17.26 and its 200 day simple moving average is $16.49. First Trust Energy AlphaDEX Fund has a 52 week low of $12.55 and a 52 week high of $19.57.

Hedge Funds Weigh In On First Trust Energy AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. AlphaCore Capital LLC acquired a new stake in First Trust Energy AlphaDEX Fund in the 4th quarter worth about $31,000. Sound Income Strategies LLC acquired a new stake in First Trust Energy AlphaDEX Fund during the fourth quarter worth approximately $40,000. Hazlett Burt & Watson Inc. grew its position in First Trust Energy AlphaDEX Fund by 116.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 3,166 shares of the company’s stock worth $50,000 after buying an additional 1,700 shares in the last quarter. Biltmore Family Office LLC acquired a new position in First Trust Energy AlphaDEX Fund in the 2nd quarter valued at $49,000. Finally, JPMorgan Chase & Co. acquired a new position in First Trust Energy AlphaDEX Fund in the 3rd quarter valued at $70,000.

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.