Short Interest in First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Grows By 27.3%

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) saw a large growth in short interest in March. As of March 31st, there was short interest totaling 5,509 shares, a growth of 27.3% from the March 15th total of 4,327 shares. Based on an average daily volume of 17,265 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

First Trust Technology AlphaDEX Fund Stock Performance

Shares of NYSEARCA FXL traded up $3.47 during trading hours on Friday, hitting $181.11. The stock had a trading volume of 19,186 shares, compared to its average volume of 16,092. The firm’s 50-day moving average price is $165.11 and its two-hundred day moving average price is $168.36. First Trust Technology AlphaDEX Fund has a 52 week low of $120.71 and a 52 week high of $181.75. The company has a market capitalization of $1.46 billion, a P/E ratio of 21.63 and a beta of 1.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC increased its holdings in shares of First Trust Technology AlphaDEX Fund by 0.8% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 7,192 shares of the company’s stock worth $1,210,000 after purchasing an additional 60 shares during the period. Kingswood Wealth Advisors LLC lifted its stake in shares of First Trust Technology AlphaDEX Fund by 4.7% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 1,602 shares of the company’s stock valued at $270,000 after buying an additional 72 shares during the period. Assetmark Inc. increased its stake in First Trust Technology AlphaDEX Fund by 16.6% during the fourth quarter. Assetmark Inc. now owns 652 shares of the company’s stock valued at $110,000 after acquiring an additional 93 shares during the period. JPMorgan Chase & Co. increased its stake in First Trust Technology AlphaDEX Fund by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 2,750 shares of the company’s stock valued at $462,000 after acquiring an additional 96 shares during the period. Finally, Wealth Management Associates Inc. raised its holdings in First Trust Technology AlphaDEX Fund by 6.9% in the 4th quarter. Wealth Management Associates Inc. now owns 1,570 shares of the company’s stock valued at $264,000 after acquiring an additional 102 shares in the last quarter.

First Trust Technology AlphaDEX Fund Company Profile

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.