Short Interest in First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Decreases By 74.1%

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 17,230 shares, a decrease of 74.1% from the July 30th total of 66,564 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 376,764 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Energy AlphaDEX Fund Stock Performance

Shares of FXN stock traded up $0.21 on Thursday, reaching $23.37. The stock had a trading volume of 275,537 shares, compared to its average volume of 1,359,968. First Trust Energy AlphaDEX Fund has a 1 year low of $15.18 and a 1 year high of $23.97. The stock has a market cap of $400.80 million, a P/E ratio of 10.63 and a beta of 0.54. The company has a 50 day simple moving average of $21.54 and a 200 day simple moving average of $21.32.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FXN. Merkkuri Wealth Advisors LLC bought a new stake in shares of First Trust Energy AlphaDEX Fund during the 1st quarter valued at about $87,000. MinichMacGregor Wealth Management LLC purchased a new stake in shares of First Trust Energy AlphaDEX Fund during the 1st quarter valued at about $693,000. Davis Investment Partners LLC bought a new position in shares of First Trust Energy AlphaDEX Fund in the 1st quarter worth approximately $1,312,000. Trust Co. of Oklahoma bought a new position in shares of First Trust Energy AlphaDEX Fund in the 1st quarter worth approximately $640,000. Finally, Silver Grove Financial Group Inc. purchased a new position in shares of First Trust Energy AlphaDEX Fund in the fourth quarter worth approximately $39,000.

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.