First Trust Energy AlphaDEX Fund (NYSEARCA:FXN – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 506,713 shares, an increase of 665.1% from the September 15th total of 66,227 shares. Based on an average daily trading volume, of 517,116 shares, the short-interest ratio is currently 1.0 days. Approximately 3.2% of the shares of the company are short sold.
First Trust Energy AlphaDEX Fund Trading Down 0.3%
FXN traded down $0.07 on Friday, hitting $23.34. 560,503 shares of the stock traded hands, compared to its average volume of 1,228,353. First Trust Energy AlphaDEX Fund has a 52 week low of $15.18 and a 52 week high of $24.47. The firm has a market capitalization of $374.61 million, a PE ratio of 10.63 and a beta of 0.62. The business has a fifty day moving average price of $23.05 and a two-hundred day moving average price of $22.01.
Institutional Trading of First Trust Energy AlphaDEX Fund
A number of institutional investors and hedge funds have recently modified their holdings of the company. First Trust Advisors LP acquired a new stake in shares of First Trust Energy AlphaDEX Fund during the 1st quarter valued at about $672,402,000. NewEdge Advisors LLC raised its position in First Trust Energy AlphaDEX Fund by 1,886.8% in the first quarter. NewEdge Advisors LLC now owns 684,027 shares of the company’s stock worth $15,363,000 after purchasing an additional 649,599 shares in the last quarter. Bank of America Corp DE lifted its stake in First Trust Energy AlphaDEX Fund by 39.0% during the first quarter. Bank of America Corp DE now owns 564,138 shares of the company’s stock worth $12,671,000 after purchasing an additional 158,356 shares during the period. Royal Bank of Canada lifted its stake in First Trust Energy AlphaDEX Fund by 131.2% during the first quarter. Royal Bank of Canada now owns 325,290 shares of the company’s stock worth $7,306,000 after purchasing an additional 184,619 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in First Trust Energy AlphaDEX Fund by 2,201.2% during the first quarter. D.A. Davidson & CO. now owns 251,057 shares of the company’s stock worth $5,639,000 after purchasing an additional 240,147 shares during the period.
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.
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