First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Sees Significant Decrease in Short Interest

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 10,561 shares, a decline of 80.1% from the July 15th total of 53,134 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 124,363 shares, the short-interest ratio is currently 0.1 days.

First Trust Technology AlphaDEX Fund Stock Up 0.6%

Shares of First Trust Technology AlphaDEX Fund stock opened at $217.24 on Wednesday. First Trust Technology AlphaDEX Fund has a fifty-two week low of $151.62 and a fifty-two week high of $224.20. The business’s fifty day moving average is $207.20 and its two-hundred day moving average is $186.73. The firm has a market cap of $2.79 billion, a PE ratio of 21.63 and a beta of 1.24.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in FXL. Trust Co. of Vermont acquired a new stake in First Trust Technology AlphaDEX Fund in the 2nd quarter worth about $45,000. Stonekeep Investments LLC acquired a new position in shares of First Trust Technology AlphaDEX Fund during the 2nd quarter valued at about $226,000. Focus Financial Network Inc. purchased a new position in shares of First Trust Technology AlphaDEX Fund during the 2nd quarter worth about $234,000. Allied Private Wealth LLC purchased a new position in shares of First Trust Technology AlphaDEX Fund during the 2nd quarter worth about $397,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of First Trust Technology AlphaDEX Fund in the second quarter worth approximately $249,000.

About First Trust Technology AlphaDEX Fund

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.