First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Sees Large Volume Increase – Here’s What Happened

Shares of First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) saw an uptick in trading volume on Tuesday . 873,558 shares traded hands during trading, an increase of 143% from the previous session’s volume of 358,981 shares.The stock last traded at $16.40 and had previously closed at $16.84.

First Trust Energy AlphaDEX Fund Stock Down 2.7 %

The company has a market cap of $573.65 million, a PE ratio of 7.24 and a beta of 0.63. The firm’s 50-day moving average is $16.88 and its 200-day moving average is $16.89.

Hedge Funds Weigh In On First Trust Energy AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC grew its holdings in shares of First Trust Energy AlphaDEX Fund by 29.3% in the fourth quarter. Citadel Advisors LLC now owns 190,284 shares of the company’s stock worth $3,109,000 after acquiring an additional 43,117 shares during the period. Bank of America Corp DE boosted its position in shares of First Trust Energy AlphaDEX Fund by 4.9% during the fourth quarter. Bank of America Corp DE now owns 590,174 shares of the company’s stock worth $9,643,000 after acquiring an additional 27,737 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of First Trust Energy AlphaDEX Fund by 2.8% during the 4th quarter. Benjamin Edwards Inc. now owns 66,456 shares of the company’s stock valued at $1,086,000 after purchasing an additional 1,802 shares during the last quarter. Jane Street Group LLC purchased a new position in First Trust Energy AlphaDEX Fund during the 4th quarter valued at approximately $1,656,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of First Trust Energy AlphaDEX Fund in the fourth quarter valued at $1,577,000.

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.