First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Short Interest Down 65.8% in January

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 3,764 shares, a decrease of 65.8% from the December 31st total of 11,004 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,767 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 13,767 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

Hedge funds have recently made changes to their positions in the company. Creative Capital Management Investments LLC acquired a new stake in shares of First Trust Technology AlphaDEX Fund in the second quarter worth approximately $29,000. Trust Co. of Vermont acquired a new position in First Trust Technology AlphaDEX Fund in the 2nd quarter valued at $32,000. Huntington National Bank purchased a new position in First Trust Technology AlphaDEX Fund in the 3rd quarter valued at $36,000. FSC Wealth Advisors LLC acquired a new stake in First Trust Technology AlphaDEX Fund during the 2nd quarter worth $37,000. Finally, Optiver Holding B.V. acquired a new stake in First Trust Technology AlphaDEX Fund during the 3rd quarter worth $39,000.

First Trust Technology AlphaDEX Fund Price Performance

NYSEARCA FXL traded up $0.25 on Wednesday, hitting $176.34. The company had a trading volume of 9,006 shares, compared to its average volume of 13,395. The company’s fifty day moving average price is $170.44 and its 200-day moving average price is $166.90. The company has a market capitalization of $1.47 billion, a PE ratio of 21.63 and a beta of 1.19. First Trust Technology AlphaDEX Fund has a 12-month low of $110.83 and a 12-month high of $177.51.

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.