Short Interest in First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Expands By 1,398.7%

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 44,765 shares, a growth of 1,398.7% from the June 15th total of 2,987 shares. Based on an average daily trading volume, of 741,071 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.4% of the shares of the stock are sold short.

First Trust Technology AlphaDEX Fund Trading Down 1.1%

FXL traded down $2.36 during trading on Friday, hitting $207.64. 47,360 shares of the company traded hands, compared to its average volume of 75,417. The company has a market cap of $2.62 billion, a PE ratio of 21.63 and a beta of 1.23. The stock’s 50-day simple moving average is $205.47 and its two-hundred day simple moving average is $181.92. First Trust Technology AlphaDEX Fund has a 1 year low of $151.62 and a 1 year high of $224.20.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BIP Wealth LLC bought a new position in shares of First Trust Technology AlphaDEX Fund during the 4th quarter valued at approximately $851,000. Flagship Harbor Advisors LLC bought a new stake in First Trust Technology AlphaDEX Fund in the fourth quarter worth $46,000. Sound Income Strategies LLC purchased a new stake in First Trust Technology AlphaDEX Fund during the fourth quarter valued at $811,000. Stratos Wealth Partners LTD. raised its stake in First Trust Technology AlphaDEX Fund by 3.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 7,382 shares of the company’s stock valued at $1,242,000 after purchasing an additional 245 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in First Trust Technology AlphaDEX Fund by 89.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,938 shares of the company’s stock valued at $326,000 after purchasing an additional 914 shares in 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.