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

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 80,200 shares, a drop of 42.2% from the August 15th total of 138,700 shares. Based on an average trading volume of 738,900 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.5% of the company’s shares are short sold. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 738,900 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Energy AlphaDEX Fund Stock Performance

FXN opened at $16.16 on Friday. The firm’s fifty day moving average is $15.82 and its two-hundred day moving average is $15.35. The firm has a market cap of $279.57 million, a PE ratio of 10.63 and a beta of 1.82. First Trust Energy AlphaDEX Fund has a twelve month low of $12.55 and a twelve month high of $18.15.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

Several hedge funds have recently bought and sold shares of FXN. BNP Paribas Financial Markets raised its holdings in First Trust Energy AlphaDEX Fund by 543.5% in the second quarter. BNP Paribas Financial Markets now owns 651,200 shares of the company’s stock worth $9,885,000 after purchasing an additional 550,000 shares during the period. Jane Street Group LLC acquired a new stake in First Trust Energy AlphaDEX Fund in the fourth quarter worth $1,656,000. Flow Traders U.S. LLC acquired a new stake in First Trust Energy AlphaDEX Fund in the first quarter worth $1,312,000. Quadrature Capital Ltd raised its holdings in First Trust Energy AlphaDEX Fund by 70.7% in the second quarter. Quadrature Capital Ltd now owns 144,242 shares of the company’s stock worth $2,190,000 after purchasing an additional 59,730 shares during the period. Finally, Global Assets Advisory LLC raised its holdings in First Trust Energy AlphaDEX Fund by 196.1% in the first quarter. Global Assets Advisory LLC now owns 68,295 shares of the company’s stock worth $1,128,000 after purchasing an additional 45,230 shares during the period.

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.