First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Short Interest Up 79.5% in February

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 106,784 shares, an increase of 79.5% from the January 29th total of 59,492 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 777,623 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 777,623 shares, the short-interest ratio is currently 0.1 days. Approximately 0.7% of the shares of the company are short sold.

First Trust Energy AlphaDEX Fund Stock Up 1.8%

FXN traded up $0.36 during trading on Friday, reaching $20.10. 362,782 shares of the company’s stock were exchanged, compared to its average volume of 717,171. The company has a market capitalization of $298.49 million, a P/E ratio of 10.63 and a beta of 0.88. The business has a 50 day moving average price of $17.94 and a 200 day moving average price of $16.82. First Trust Energy AlphaDEX Fund has a fifty-two week low of $12.55 and a fifty-two week high of $20.23.

Institutional Trading of First Trust Energy AlphaDEX Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its stake in First Trust Energy AlphaDEX Fund by 2.6% during the first quarter. Goldman Sachs Group Inc. now owns 105,304 shares of the company’s stock worth $1,740,000 after purchasing an additional 2,686 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of First Trust Energy AlphaDEX Fund by 10.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 47,953 shares of the company’s stock worth $728,000 after buying an additional 4,643 shares during the period. AE Wealth Management LLC boosted its stake in First Trust Energy AlphaDEX Fund by 40.1% in the 2nd quarter. AE Wealth Management LLC now owns 16,839 shares of the company’s stock valued at $256,000 after buying an additional 4,816 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in First Trust Energy AlphaDEX Fund by 3.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 24,536 shares of the company’s stock valued at $372,000 after buying an additional 746 shares in the last quarter. Finally, Quadrature Capital Ltd grew its position in First Trust Energy AlphaDEX Fund by 70.7% in the second quarter. Quadrature Capital Ltd now owns 144,242 shares of the company’s stock valued at $2,190,000 after acquiring an additional 59,730 shares during the period.

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.