First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Short Interest Update
by Amy Steele · The Cerbat GemFirst Trust Energy AlphaDEX Fund (NYSEARCA:FXN – Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 564,969 shares, a growth of 1,275.3% from the March 15th total of 41,079 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 3,998,838 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in First Trust Energy AlphaDEX Fund during the fourth quarter valued at $28,000. AlphaCore Capital LLC acquired a new position in First Trust Energy AlphaDEX Fund during the fourth quarter valued at $31,000. Silver Grove Financial Group Inc. acquired a new position in First Trust Energy AlphaDEX Fund during the fourth quarter valued at $39,000. Sound Income Strategies LLC acquired a new position in First Trust Energy AlphaDEX Fund during the fourth quarter valued at $40,000. Finally, Hazlett Burt & Watson Inc. raised its position in First Trust Energy AlphaDEX Fund by 116.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 3,166 shares of the company’s stock valued at $50,000 after buying an additional 1,700 shares during the period.
First Trust Energy AlphaDEX Fund Stock Performance
NYSEARCA:FXN traded up $0.02 during trading hours on Friday, hitting $21.28. 531,820 shares of the company’s stock traded hands, compared to its average volume of 1,390,137. The firm has a market cap of $1.14 billion, a P/E ratio of 10.63 and a beta of 0.60. First Trust Energy AlphaDEX Fund has a twelve month low of $12.98 and a twelve month high of $23.43. The stock’s fifty day moving average price is $20.62 and its two-hundred day moving average price is $17.95.
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.