First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Short Interest Up 176.3% in March

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 4,327 shares, a growth of 176.3% from the February 26th total of 1,566 shares. Based on an average trading volume of 16,940 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 16,940 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of First Trust Technology AlphaDEX Fund

A number of large investors have recently modified their holdings of FXL. Forty three Eighteen Advisors LLC bought a new position in shares of First Trust Technology AlphaDEX Fund during the fourth quarter valued at approximately $1,549,000. World Investment Advisors lifted its holdings in First Trust Technology AlphaDEX Fund by 21.8% during the fourth quarter. World Investment Advisors now owns 2,589 shares of the company’s stock worth $436,000 after buying an additional 464 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of First Trust Technology AlphaDEX Fund in the 4th quarter valued at $505,000. Worthington Financial Partners LLC purchased a new stake in shares of First Trust Technology AlphaDEX Fund during the 4th quarter worth $640,000. Finally, Virtue Capital Management LLC lifted its stake in shares of First Trust Technology AlphaDEX Fund by 4,243.0% during the 4th quarter. Virtue Capital Management LLC now owns 43,517 shares of the company’s stock worth $7,364,000 after purchasing an additional 42,515 shares during the last quarter.

First Trust Technology AlphaDEX Fund Stock Performance

First Trust Technology AlphaDEX Fund stock traded up $1.28 during mid-day trading on Wednesday, hitting $163.85. The company’s stock had a trading volume of 32,681 shares, compared to its average volume of 14,719. The company has a 50 day moving average of $167.22 and a 200-day moving average of $168.63. First Trust Technology AlphaDEX Fund has a one year low of $110.83 and a one year high of $177.51. The stock has a market cap of $1.36 billion, a PE ratio of 21.63 and a beta of 1.19.

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.