First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Sees Large Decline in Short Interest

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) was the target of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 2,744 shares, a decline of 74.4% from the January 29th total of 10,705 shares. Based on an average daily volume of 17,737 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 17,737 shares, the short-interest ratio is presently 0.2 days.

First Trust Technology AlphaDEX Fund Trading Down 0.7%

FXL traded down $1.14 during midday trading on Friday, reaching $165.68. The company’s stock had a trading volume of 8,078 shares, compared to its average volume of 13,805. The company has a fifty day simple moving average of $170.27 and a 200 day simple moving average of $168.08. The stock has a market cap of $1.38 billion, a P/E ratio of 21.63 and a beta of 1.19. First Trust Technology AlphaDEX Fund has a twelve month low of $110.83 and a twelve month high of $177.51.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its stake in First Trust Technology AlphaDEX Fund by 18,257.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,477,431 shares of the company’s stock valued at $248,622,000 after purchasing an additional 1,469,383 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in shares of First Trust Technology AlphaDEX Fund by 67.1% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 168,840 shares of the company’s stock worth $26,568,000 after purchasing an additional 67,826 shares during the period. Virtue Capital Management LLC raised its position in shares of First Trust Technology AlphaDEX Fund by 4,243.0% during the fourth quarter. Virtue Capital Management LLC now owns 43,517 shares of the company’s stock valued at $7,364,000 after buying an additional 42,515 shares during the last quarter. IronBridge Private Wealth LLC acquired a new position in shares of First Trust Technology AlphaDEX Fund during the third quarter valued at about $5,078,000. Finally, LPL Financial LLC lifted its stake in shares of First Trust Technology AlphaDEX Fund by 3.9% in the fourth quarter. LPL Financial LLC now owns 576,568 shares of the company’s stock valued at $97,025,000 after buying an additional 21,861 shares during the period.

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.