First Trust Energy AlphaDEX Fund (NYSEARCA:FXN – Get Free Report) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 109,603 shares, a decline of 48.3% from the April 30th total of 211,801 shares. Based on an average daily volume of 1,167,412 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the company’s stock are short sold.
Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund
Institutional investors and hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of First Trust Energy AlphaDEX Fund in the 4th quarter valued at $28,000. AlphaCore Capital LLC acquired a new stake in shares of First Trust Energy AlphaDEX Fund in the 4th quarter valued at $31,000. Sound Income Strategies LLC bought a new position in First Trust Energy AlphaDEX Fund in the 4th quarter worth $40,000. Silver Grove Financial Group Inc. bought a new position in First Trust Energy AlphaDEX Fund in the 4th quarter worth $39,000. Finally, Hazlett Burt & Watson Inc. raised its holdings in First Trust Energy AlphaDEX Fund by 116.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,166 shares of the company’s stock worth $50,000 after acquiring an additional 1,700 shares during the period.
First Trust Energy AlphaDEX Fund Price Performance
Shares of FXN stock traded up $0.35 on Monday, hitting $21.85. The company’s stock had a trading volume of 1,082,982 shares, compared to its average volume of 1,201,231. First Trust Energy AlphaDEX Fund has a fifty-two week low of $14.49 and a fifty-two week high of $23.43. The firm’s fifty day moving average price is $21.80 and its 200-day moving average price is $19.29. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 10.63 and a beta of 0.56.
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.
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