First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Short Interest Update

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 5,509 shares, an increase of 27.3% from the March 15th total of 4,327 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 17,265 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in First Trust Technology AlphaDEX Fund by 7.8% during the first quarter. Royal Bank of Canada now owns 67,603 shares of the company’s stock valued at $8,941,000 after purchasing an additional 4,878 shares during the period. Jane Street Group LLC raised its stake in shares of First Trust Technology AlphaDEX Fund by 20.4% in the first quarter. Jane Street Group LLC now owns 13,123 shares of the company’s stock worth $1,736,000 after buying an additional 2,220 shares during the period. Cresset Asset Management LLC lifted its position in shares of First Trust Technology AlphaDEX Fund by 3.1% during 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 in the last quarter. NewEdge Advisors LLC lifted its position in shares of First Trust Technology AlphaDEX Fund by 5.7% during 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. grew its stake in shares of First Trust Technology AlphaDEX Fund by 6.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 89,050 shares of the company’s stock valued at $14,013,000 after acquiring an additional 5,022 shares during the period.

First Trust Technology AlphaDEX Fund Price Performance

Shares of FXL opened at $181.11 on Friday. The firm has a market capitalization of $1.46 billion, a P/E ratio of 21.63 and a beta of 1.17. First Trust Technology AlphaDEX Fund has a one year low of $120.71 and a one year high of $181.75. The business has a fifty day moving average of $165.11 and a 200 day moving average of $168.36.

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.