First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Sees Significant Increase in Short Interest

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 211,801 shares, a growth of 114.2% from the April 15th total of 98,874 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 740,503 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Energy AlphaDEX Fund Price Performance

FXN traded up $0.43 during trading on Friday, hitting $22.27. The stock had a trading volume of 573,856 shares, compared to its average volume of 1,262,894. The company has a 50 day moving average price of $21.53 and a 200-day moving average price of $18.86. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 10.63 and a beta of 0.56. First Trust Energy AlphaDEX Fund has a one year low of $14.37 and a one year high of $23.43.

Institutional Trading of First Trust Energy AlphaDEX Fund

A number of institutional investors have recently bought and sold shares of FXN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in First Trust Energy AlphaDEX Fund in the 4th quarter valued at about $28,000. AlphaCore Capital LLC bought a new stake in First Trust Energy AlphaDEX Fund in the 4th quarter valued at about $31,000. Silver Grove Financial Group Inc. bought a new stake in First Trust Energy AlphaDEX Fund in the 4th quarter valued at about $39,000. Sound Income Strategies LLC bought a new stake in First Trust Energy AlphaDEX Fund in the 4th quarter valued at about $40,000. Finally, Hazlett Burt & Watson Inc. boosted its holdings in First Trust Energy AlphaDEX Fund by 116.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,166 shares of the company’s stock valued at $50,000 after purchasing an additional 1,700 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.