First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Short Interest Down 50.1% in January

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) saw a large decrease in short interest in January. As of January 30th, there was short interest totaling 59,492 shares, a decrease of 50.1% from the January 15th total of 119,275 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 720,387 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 720,387 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the shares of the company are short sold.

First Trust Energy AlphaDEX Fund Stock Up 1.5%

NYSEARCA:FXN traded up $0.29 during trading hours on Friday, hitting $19.43. 578,551 shares of the stock traded hands, compared to its average volume of 726,655. The company has a market cap of $288.54 million, a price-to-earnings ratio of 10.63 and a beta of 0.88. First Trust Energy AlphaDEX Fund has a 1 year low of $12.55 and a 1 year high of $19.57. The stock has a 50 day moving average price of $17.34 and a 200 day moving average price of $16.53.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

Institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp increased its position in First Trust Energy AlphaDEX Fund by 10.5% in the third quarter. Jones Financial Companies Lllp now owns 27,860 shares of the company’s stock worth $468,000 after purchasing an additional 2,642 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in First Trust Energy AlphaDEX Fund during the third quarter valued at $186,000. Navellier & Associates Inc. purchased a new position in shares of First Trust Energy AlphaDEX Fund in the 3rd quarter worth $2,006,000. REAP Financial Group LLC increased its holdings in shares of First Trust Energy AlphaDEX Fund by 33.6% in the 3rd quarter. REAP Financial Group LLC now owns 9,843 shares of the company’s stock worth $160,000 after buying an additional 2,478 shares during the last quarter. Finally, Independent Advisor Alliance increased its holdings in shares of First Trust Energy AlphaDEX Fund by 4.2% in the 3rd quarter. Independent Advisor Alliance now owns 163,179 shares of the company’s stock worth $2,660,000 after buying an additional 6,578 shares during the last quarter.

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.