First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Sees Large Increase in Short Interest

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 20,223 shares, a growth of 166.4% from the April 30th total of 7,590 shares. Based on an average daily volume of 15,605 shares, the short-interest ratio is currently 1.3 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

A number of large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its stake in First Trust Technology AlphaDEX Fund by 18,257.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,477,431 shares of the company’s stock worth $248,622,000 after purchasing an additional 1,469,383 shares in the last quarter. Virtue Capital Management LLC increased its stake in shares of First Trust Technology AlphaDEX Fund by 4,243.0% in the fourth quarter. Virtue Capital Management LLC now owns 43,517 shares of the company’s stock valued at $7,364,000 after buying an additional 42,515 shares in the last quarter. LPL Financial LLC increased its stake in shares of First Trust Technology AlphaDEX Fund by 3.9% in the fourth quarter. LPL Financial LLC now owns 576,568 shares of the company’s stock valued at $97,025,000 after buying an additional 21,861 shares in the last quarter. Beto Financial Group LLC bought a new position in shares of First Trust Technology AlphaDEX Fund in the fourth quarter valued at about $2,486,000. Finally, Genesee Capital Advisors LLC raised its holdings in shares of First Trust Technology AlphaDEX Fund by 12.6% in the fourth quarter. Genesee Capital Advisors LLC now owns 116,333 shares of the company’s stock valued at $19,577,000 after buying an additional 12,999 shares during the last quarter.

First Trust Technology AlphaDEX Fund Stock Performance

First Trust Technology AlphaDEX Fund stock traded up $4.86 during trading hours on Monday, hitting $216.49. 2,279 shares of the stock were exchanged, compared to its average volume of 16,106. The stock has a market capitalization of $1.73 billion, a P/E ratio of 21.63 and a beta of 1.22. First Trust Technology AlphaDEX Fund has a 12 month low of $145.51 and a 12 month high of $215.35. The business’s 50-day moving average is $180.89 and its two-hundred day moving average is $172.70.

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.