First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Short Interest Update

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 17,230 shares, a drop of 74.1% from the July 30th total of 66,564 shares. Based on an average trading volume of 376,764 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Compass Financial Management LLC purchased a new position in shares of First Trust Energy AlphaDEX Fund during the 2nd quarter valued at $376,000. Tudor Financial Inc. acquired a new stake in First Trust Energy AlphaDEX Fund during the second quarter valued at $490,000. NewEdge Advisors LLC boosted its position in First Trust Energy AlphaDEX Fund by 1,886.8% during the first quarter. NewEdge Advisors LLC now owns 684,027 shares of the company’s stock valued at $15,363,000 after purchasing an additional 649,599 shares during the last quarter. Bank of America Corp DE increased its position in First Trust Energy AlphaDEX Fund by 39.0% in the 1st quarter. Bank of America Corp DE now owns 564,138 shares of the company’s stock worth $12,671,000 after purchasing an additional 158,356 shares during the last quarter. Finally, Centaurus Financial Inc. increased its holdings in First Trust Energy AlphaDEX Fund by 4.3% in the first quarter. Centaurus Financial Inc. now owns 28,426 shares of the company’s stock worth $638,000 after buying an additional 1,159 shares during the last quarter.

First Trust Energy AlphaDEX Fund Trading Up 0.2%

NYSEARCA:FXN traded up $0.04 on Friday, hitting $23.41. 270,065 shares of the company’s stock traded hands, compared to its average volume of 1,353,362. The company has a market cap of $401.48 million, a PE ratio of 10.63 and a beta of 0.54. First Trust Energy AlphaDEX Fund has a 1 year low of $15.18 and a 1 year high of $23.97. The firm has a 50-day moving average price of $21.67 and a 200-day moving average price of $21.37.

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.