First Trust Energy AlphaDEX Fund (NYSEARCA:FXN – Get Free Report) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 189,618 shares, a drop of 62.6% from the September 30th total of 506,713 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average trading volume of 625,541 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Trading of First Trust Energy AlphaDEX Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP acquired a new stake in First Trust Energy AlphaDEX Fund in the 1st quarter valued at $672,402,000. NewEdge Advisors LLC raised its position in shares of 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 valued at $15,363,000 after buying an additional 649,599 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of First Trust Energy AlphaDEX Fund by 2,201.2% in 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. Royal Bank of Canada increased its holdings in First Trust Energy AlphaDEX Fund by 131.2% in the 1st quarter. Royal Bank of Canada now owns 325,290 shares of the company’s stock valued at $7,306,000 after buying an additional 184,619 shares during the period. Finally, Bank of America Corp DE raised its position in shares of First Trust Energy AlphaDEX Fund by 39.0% in the 1st quarter. Bank of America Corp DE now owns 564,138 shares of the company’s stock valued at $12,671,000 after buying an additional 158,356 shares in the last quarter.
First Trust Energy AlphaDEX Fund Stock Performance
Shares of FXN traded down $0.01 during mid-day trading on Thursday, hitting $24.69. The company’s stock had a trading volume of 151,160 shares, compared to its average volume of 1,201,089. First Trust Energy AlphaDEX Fund has a one year low of $15.64 and a one year high of $25.08. The stock’s 50-day moving average is $23.52 and its two-hundred day moving average is $21.48. The firm has a market capitalization of $402.38 million, a PE ratio of 10.63 and a beta of 0.62.
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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