First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Shares Shorted: Short Interest Up 176.9% in September

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 66,227 shares, an increase of 176.9% from the August 31st total of 23,916 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 527,845 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. First Trust Advisors LP acquired a new position in shares of First Trust Energy AlphaDEX Fund during the 1st quarter valued at $672,402,000. NewEdge Advisors LLC lifted its holdings in First Trust Energy AlphaDEX Fund by 1,886.8% during the first quarter. NewEdge Advisors LLC now owns 684,027 shares of the company’s stock worth $15,363,000 after acquiring an additional 649,599 shares during the period. Bank of America Corp DE lifted its holdings in First Trust Energy AlphaDEX Fund by 39.0% during the first quarter. Bank of America Corp DE now owns 564,138 shares of the company’s stock worth $12,671,000 after acquiring an additional 158,356 shares during the period. Royal Bank of Canada boosted its position in First Trust Energy AlphaDEX Fund by 131.2% in the first quarter. Royal Bank of Canada now owns 325,290 shares of the company’s stock worth $7,306,000 after purchasing an additional 184,619 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its position in First Trust Energy AlphaDEX Fund by 2,201.2% in the first quarter. D.A. Davidson & CO. now owns 251,057 shares of the company’s stock worth $5,639,000 after purchasing an additional 240,147 shares during the last quarter.

First Trust Energy AlphaDEX Fund Stock Down 0.9%

Shares of FXN stock opened at $22.16 on Tuesday. The firm has a market cap of $363.42 million, a PE ratio of 10.63 and a beta of 0.55. First Trust Energy AlphaDEX Fund has a 12 month low of $15.18 and a 12 month high of $24.47. The company’s fifty day simple moving average is $22.88 and its 200-day simple moving average is $21.92.

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.