First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Sees Significant Decline in Short Interest

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 3,764 shares, a drop of 65.8% from the December 31st total of 11,004 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 13,767 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 13,767 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

First Trust Technology AlphaDEX Fund Trading Down 1.3%

Shares of First Trust Technology AlphaDEX Fund stock traded down $2.22 during trading on Thursday, hitting $174.12. 9,599 shares of the stock traded hands, compared to its average volume of 13,195. First Trust Technology AlphaDEX Fund has a 52-week low of $110.83 and a 52-week high of $177.51. The stock’s fifty day simple moving average is $171.15 and its 200 day simple moving average is $167.01. The firm has a market cap of $1.45 billion, a P/E ratio of 21.63 and a beta of 1.19.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

Institutional investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC boosted its position in First Trust Technology AlphaDEX Fund by 0.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 7,192 shares of the company’s stock valued at $1,210,000 after purchasing an additional 60 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in shares of First Trust Technology AlphaDEX Fund by 4.7% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 1,602 shares of the company’s stock valued at $270,000 after buying an additional 72 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of First Trust Technology AlphaDEX Fund by 16.6% in the 4th quarter. Assetmark Inc. now owns 652 shares of the company’s stock valued at $110,000 after buying an additional 93 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of First Trust Technology AlphaDEX Fund by 3.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,750 shares of the company’s stock worth $462,000 after buying an additional 96 shares during the last quarter. Finally, Wealth Management Associates Inc. boosted its stake in First Trust Technology AlphaDEX Fund by 6.9% in the fourth quarter. Wealth Management Associates Inc. now owns 1,570 shares of the company’s stock valued at $264,000 after acquiring an additional 102 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.