First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Sees Large Drop in Short Interest

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 47,963 shares, a drop of 73.0% from the November 30th total of 177,738 shares. Based on an average trading volume of 239,943 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 239,943 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

Several institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its stake in First Trust Energy AlphaDEX Fund by 5.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 23,790 shares of the company’s stock valued at $393,000 after buying an additional 1,188 shares during the period. Calton & Associates Inc. bought a new position in shares of First Trust Energy AlphaDEX Fund in the first quarter valued at approximately $183,000. Goldman Sachs Group Inc. increased its stake in shares of First Trust Energy AlphaDEX Fund by 2.6% during the first quarter. Goldman Sachs Group Inc. now owns 105,304 shares of the company’s stock valued at $1,740,000 after acquiring an additional 2,686 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of First Trust Energy AlphaDEX Fund by 146.4% during the first quarter. Geneos Wealth Management Inc. now owns 13,035 shares of the company’s stock valued at $215,000 after acquiring an additional 7,744 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in First Trust Energy AlphaDEX Fund by 10.7% during the second quarter. Envestnet Asset Management Inc. now owns 47,953 shares of the company’s stock worth $728,000 after purchasing an additional 4,643 shares in the last quarter.

First Trust Energy AlphaDEX Fund Price Performance

Shares of First Trust Energy AlphaDEX Fund stock opened at $16.33 on Thursday. First Trust Energy AlphaDEX Fund has a 1-year low of $12.55 and a 1-year high of $18.13. The business’s fifty day moving average price is $16.35 and its two-hundred day moving average price is $16.04. The company has a market capitalization of $272.71 million, a P/E ratio of 10.63 and a beta of 0.88.

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.