First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Sees Significant Increase in Short Interest

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 119,275 shares, a growth of 221.0% from the December 31st total of 37,157 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 682,097 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 682,097 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.8% of the shares of the stock are sold short.

First Trust Energy AlphaDEX Fund Price Performance

Shares of NYSEARCA:FXN traded up $0.13 during trading on Friday, reaching $18.35. The stock had a trading volume of 1,026,262 shares, compared to its average volume of 701,198. The stock has a market capitalization of $272.50 million, a PE ratio of 10.63 and a beta of 0.88. First Trust Energy AlphaDEX Fund has a 52 week low of $12.55 and a 52 week high of $18.66. The business’s 50-day moving average price is $16.92 and its 200 day moving average price is $16.30.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Sound Income Strategies LLC bought a new stake in shares of First Trust Energy AlphaDEX Fund during the fourth quarter worth $40,000. Hazlett Burt & Watson Inc. increased its position in First Trust Energy AlphaDEX Fund by 116.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 3,166 shares of the company’s stock worth $50,000 after purchasing an additional 1,700 shares during the period. Biltmore Family Office LLC bought a new stake in First Trust Energy AlphaDEX Fund during the 2nd quarter worth about $49,000. JPMorgan Chase & Co. acquired a new position in First Trust Energy AlphaDEX Fund during the 3rd quarter valued at about $70,000. Finally, Comerica Bank boosted its stake in shares of First Trust Energy AlphaDEX Fund by 65.2% in the 3rd quarter. Comerica Bank now owns 7,360 shares of the company’s stock valued at $120,000 after purchasing an additional 2,905 shares during the last quarter.

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.