First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Short Interest Update

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 11,004 shares, a decline of 31.5% from the December 15th total of 16,058 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 9,138 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 9,138 shares, the short-interest ratio is presently 1.2 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of First Trust Technology AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vestmark Advisory Solutions Inc. boosted its position in shares of First Trust Technology AlphaDEX Fund by 67.1% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 168,840 shares of the company’s stock valued at $26,568,000 after acquiring an additional 67,826 shares during the last quarter. Genesee Capital Advisors LLC raised its stake in First Trust Technology AlphaDEX Fund by 12.6% during the fourth quarter. Genesee Capital Advisors LLC now owns 116,333 shares of the company’s stock worth $19,577,000 after purchasing an additional 12,999 shares during the period. Truist Financial Corp boosted its holdings in First Trust Technology AlphaDEX Fund by 3.6% in the 2nd quarter. Truist Financial Corp now owns 105,740 shares of the company’s stock valued at $16,639,000 after purchasing an additional 3,660 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in First Trust Technology AlphaDEX Fund by 6.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 97,898 shares of the company’s stock valued at $15,405,000 after purchasing an additional 6,129 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of First Trust Technology AlphaDEX Fund by 6.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 89,050 shares of the company’s stock valued at $14,013,000 after buying an additional 5,022 shares during the period.

First Trust Technology AlphaDEX Fund Price Performance

Shares of NYSEARCA:FXL traded down $0.23 during midday trading on Friday, hitting $174.64. The company had a trading volume of 13,578 shares, compared to its average volume of 13,698. First Trust Technology AlphaDEX Fund has a twelve month low of $110.83 and a twelve month high of $177.12. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 21.63 and a beta of 1.19. The business’s 50-day simple moving average is $169.17 and its 200-day simple moving average is $165.89.

About First Trust Technology AlphaDEX Fund

First Trust Technology AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the StrataQuant Technology Index (the Index). The Index is an enhanced index created and administered by the AMEX, which employs the AlphaDEX stock selection methodology to select stocks from the Russell 1000 Index. The AMEX constructs the Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.