First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Short Interest Down 22.5% in December

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 37,157 shares, a decrease of 22.5% from the December 15th total of 47,963 shares. Based on an average trading volume of 279,712 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 279,712 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Energy AlphaDEX Fund Stock Performance

FXN stock opened at $17.06 on Tuesday. The firm has a fifty day moving average price of $16.67 and a 200 day moving average price of $16.18. First Trust Energy AlphaDEX Fund has a fifty-two week low of $12.55 and a fifty-two week high of $18.13. The firm has a market cap of $254.19 million, a PE ratio of 10.63 and a beta of 0.88.

Institutional Trading of First Trust Energy AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FXN. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust Energy AlphaDEX Fund by 3.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 24,536 shares of the company’s stock worth $372,000 after purchasing an additional 746 shares during the period. Hazlett Burt & Watson Inc. raised its position in First Trust Energy AlphaDEX Fund by 116.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,166 shares of the company’s stock worth $50,000 after buying an additional 1,700 shares during the last quarter. OneAscent Financial Services LLC boosted its holdings in First Trust Energy AlphaDEX Fund by 5.2% in the third quarter. OneAscent Financial Services LLC now owns 44,824 shares of the company’s stock valued at $731,000 after purchasing an additional 2,210 shares during the last quarter. REAP Financial Group LLC grew its holdings in First Trust Energy AlphaDEX Fund by 33.6% during the third quarter. REAP Financial Group LLC now owns 9,843 shares of the company’s stock worth $160,000 after acquiring an additional 2,478 shares during the period. Finally, Jones Financial Companies Lllp grew its position in First Trust Energy AlphaDEX Fund by 10.5% during the third quarter. Jones Financial Companies Lllp now owns 27,860 shares of the company’s stock valued at $468,000 after buying an additional 2,642 shares during the period.

About First Trust Energy AlphaDEX Fund

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.