First Trust Technology AlphaDEX Fund (NYSEARCA:FXL – Get Free Report) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,987 shares, a decrease of 86.6% from the May 31st total of 22,277 shares. Based on an average daily trading volume, of 29,461 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in First Trust Technology AlphaDEX Fund by 7.8% in the first quarter. Royal Bank of Canada now owns 67,603 shares of the company’s stock worth $8,941,000 after purchasing an additional 4,878 shares during the period. Jane Street Group LLC grew its holdings in shares of First Trust Technology AlphaDEX Fund by 20.4% in the 1st quarter. Jane Street Group LLC now owns 13,123 shares of the company’s stock valued at $1,736,000 after buying an additional 2,220 shares during the period. Cresset Asset Management LLC grew its holdings in shares of First Trust Technology AlphaDEX Fund by 3.1% in the 2nd quarter. Cresset Asset Management LLC now owns 3,462 shares of the company’s stock valued at $545,000 after buying an additional 104 shares during the period. NewEdge Advisors LLC increased its position in shares of First Trust Technology AlphaDEX Fund by 5.7% in the 2nd quarter. NewEdge Advisors LLC now owns 25,212 shares of the company’s stock valued at $3,967,000 after buying an additional 1,369 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of First Trust Technology AlphaDEX Fund by 6.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 89,050 shares of the company’s stock valued at $14,013,000 after buying an additional 5,022 shares in the last quarter.
First Trust Technology AlphaDEX Fund Stock Performance
FXL traded down $2.59 during midday trading on Friday, reaching $207.14. 6,408,052 shares of the company were exchanged, compared to its average volume of 75,114. First Trust Technology AlphaDEX Fund has a one year low of $151.62 and a one year high of $224.20. The stock has a market capitalization of $1.66 billion, a P/E ratio of 21.63 and a beta of 1.24. The stock’s 50-day simple moving average is $200.28 and its 200 day simple moving average is $179.30.
About First Trust Technology AlphaDEX Fund
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.
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