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

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 106,784 shares, an increase of 79.5% from the January 29th total of 59,492 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 777,623 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 777,623 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.7% of the company’s stock are sold short.

First Trust Energy AlphaDEX Fund Stock Up 1.8%

Shares of First Trust Energy AlphaDEX Fund stock opened at $20.10 on Monday. The firm’s 50 day moving average price is $17.94 and its 200-day moving average price is $16.84. First Trust Energy AlphaDEX Fund has a 52-week low of $12.55 and a 52-week high of $20.23. The company has a market cap of $298.49 million, a P/E ratio of 10.63 and a beta of 0.88.

Hedge Funds Weigh In On First Trust Energy AlphaDEX Fund

A number of large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its holdings in shares of First Trust Energy AlphaDEX Fund by 543.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 651,200 shares of the company’s stock valued at $9,885,000 after purchasing an additional 550,000 shares during the last quarter. Quadrature Capital Ltd raised its stake in First Trust Energy AlphaDEX Fund by 53.9% in the third quarter. Quadrature Capital Ltd now owns 222,036 shares of the company’s stock valued at $3,620,000 after buying an additional 77,794 shares during the last quarter. Independent Advisor Alliance boosted its holdings in First Trust Energy AlphaDEX Fund by 4.5% in the fourth quarter. Independent Advisor Alliance now owns 170,591 shares of the company’s stock worth $2,810,000 after acquiring an additional 7,412 shares in the last quarter. Navellier & Associates Inc. acquired a new stake in First Trust Energy AlphaDEX Fund in the third quarter worth about $2,006,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of First Trust Energy AlphaDEX Fund by 2.6% during the first quarter. Goldman Sachs Group Inc. now owns 105,304 shares of the company’s stock worth $1,740,000 after acquiring an additional 2,686 shares during 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.