First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Sees Significant Decline in Short Interest

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 41,079 shares, a decline of 61.6% from the February 26th total of 106,991 shares. Based on an average trading volume of 1,055,406 shares, the short-interest ratio is presently 0.0 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 1,055,406 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its position in shares of First Trust Energy AlphaDEX Fund by 35.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,795 shares of the company’s stock worth $79,000 after acquiring an additional 1,250 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in shares of First Trust Energy AlphaDEX Fund in the fourth quarter worth about $407,000. Van Diest Capital LLC purchased a new stake in shares of First Trust Energy AlphaDEX Fund in the fourth quarter worth about $193,000. IHT Wealth Management LLC bought a new position in First Trust Energy AlphaDEX Fund during the fourth quarter valued at approximately $246,000. Finally, Silver Grove Financial Group Inc. purchased a new position in First Trust Energy AlphaDEX Fund during the 4th quarter valued at approximately $39,000.

First Trust Energy AlphaDEX Fund Stock Up 2.6%

NYSEARCA FXN opened at $22.42 on Wednesday. First Trust Energy AlphaDEX Fund has a 52 week low of $12.55 and a 52 week high of $22.59. The company has a market capitalization of $332.94 million, a P/E ratio of 10.63 and a beta of 0.88. The stock’s 50-day moving average price is $19.42 and its 200-day moving average price is $17.43.

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.