First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Short Interest Down 82.5% in April

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totaling 98,874 shares, a drop of 82.5% from the March 31st total of 564,969 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 995,518 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of First Trust Energy AlphaDEX Fund

Several institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its position in First Trust Energy AlphaDEX Fund by 2.6% in the first quarter. Goldman Sachs Group Inc. now owns 105,304 shares of the company’s stock worth $1,740,000 after acquiring an additional 2,686 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of First Trust Energy AlphaDEX Fund in the 2nd quarter worth approximately $1,178,000. BNP Paribas Financial Markets grew its stake in shares of First Trust Energy AlphaDEX Fund by 543.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 651,200 shares of the company’s stock worth $9,885,000 after purchasing an additional 550,000 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of First Trust Energy AlphaDEX Fund by 57.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 81,560 shares of the company’s stock worth $1,238,000 after purchasing an additional 29,697 shares in the last quarter. Finally, Retirement Planning Group LLC acquired a new stake in First Trust Energy AlphaDEX Fund during the third quarter valued at approximately $244,000.

First Trust Energy AlphaDEX Fund Trading Down 0.1%

NYSEARCA:FXN traded down $0.03 during midday trading on Friday, hitting $21.36. 729,739 shares of the stock were exchanged, compared to its average volume of 1,311,861. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 10.63 and a beta of 0.60. First Trust Energy AlphaDEX Fund has a one year low of $13.73 and a one year high of $23.43. The business has a 50-day moving average price of $21.02 and a two-hundred day moving average price of $18.26.

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.