First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Stock Short Interest Report for October

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 189,618 shares, a drop of 62.6% from the September 30th total of 506,713 shares. Based on an average daily trading volume, of 625,541 shares, the short-interest ratio is currently 0.3 days. Approximately 1.2% of the company’s stock are sold short.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in the company. Financial Management Professionals Inc. bought a new position in First Trust Energy AlphaDEX Fund in the 3rd quarter valued at approximately $1,781,000. Retirement Planning Group LLC purchased a new stake in First Trust Energy AlphaDEX Fund during the 3rd quarter valued at $333,000. Capital Square LLC purchased a new stake in First Trust Energy AlphaDEX Fund during the 3rd quarter valued at $231,000. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Energy AlphaDEX Fund by 3.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 67,103 shares of the company’s stock worth $1,357,000 after purchasing an additional 2,429 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of First Trust Energy AlphaDEX Fund in the 2nd quarter worth $203,000.

First Trust Energy AlphaDEX Fund Stock Performance

Shares of FXN traded up $0.40 during trading hours on Friday, hitting $25.00. The company had a trading volume of 835,272 shares, compared to its average volume of 1,202,683. The stock has a market capitalization of $407.50 million, a price-to-earnings ratio of 10.63 and a beta of 0.62. First Trust Energy AlphaDEX Fund has a 52-week low of $15.64 and a 52-week high of $25.08. The firm has a fifty day moving average price of $23.57 and a 200-day moving average price of $21.56.

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.