First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Sees Large Drop in Short Interest

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 75,947 shares, a decrease of 50.7% from the May 31st total of 154,005 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 629,319 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust Energy AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of First Trust Energy AlphaDEX Fund by 2.6% in the first quarter. Goldman Sachs Group Inc. now owns 105,304 shares of the company’s stock valued at $1,740,000 after purchasing an additional 2,686 shares in the last quarter. Jane Street Group LLC bought a new position in shares of First Trust Energy AlphaDEX Fund during the second quarter worth about $1,178,000. BNP Paribas Financial Markets raised its position in First Trust Energy AlphaDEX Fund by 543.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 651,200 shares of the company’s stock valued at $9,885,000 after buying an additional 550,000 shares during the last quarter. Tower Research Capital LLC TRC raised its position in First Trust Energy AlphaDEX Fund by 57.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 81,560 shares of the company’s stock valued at $1,238,000 after buying an additional 29,697 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in First Trust Energy AlphaDEX Fund by 6.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 51,112 shares of the company’s stock valued at $833,000 after acquiring an additional 3,159 shares in the last quarter.

First Trust Energy AlphaDEX Fund Trading Down 1.1%

Shares of FXN stock traded down $0.22 during trading hours on Wednesday, hitting $20.01. 1,474,178 shares of the company were exchanged, compared to its average volume of 1,669,525. First Trust Energy AlphaDEX Fund has a 52 week low of $15.10 and a 52 week high of $23.43. The business has a 50 day moving average of $21.44 and a two-hundred day moving average of $19.98. The company has a market capitalization of $1.08 billion, a PE ratio of 10.63 and a beta of 0.53.

First Trust Energy AlphaDEX Fund Company Profile

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.