Short Interest in First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Grows By 1,398.7%

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 44,765 shares, a growth of 1,398.7% from the June 15th total of 2,987 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 741,071 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of First Trust Technology AlphaDEX Fund

Large investors have recently made changes to their positions in the company. Beto Financial Group LLC purchased a new stake in First Trust Technology AlphaDEX Fund in the fourth quarter valued at approximately $2,486,000. Global Retirement Partners LLC grew its position in shares of First Trust Technology AlphaDEX Fund by 4.9% during the fourth quarter. Global Retirement Partners LLC now owns 2,882 shares of the company’s stock worth $485,000 after acquiring an additional 134 shares during the last quarter. World Investment Advisors increased its holdings in shares of First Trust Technology AlphaDEX Fund by 21.8% in the 4th quarter. World Investment Advisors now owns 2,589 shares of the company’s stock valued at $436,000 after acquiring an additional 464 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Trust Technology AlphaDEX Fund by 18,257.7% in 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 acquiring an additional 1,469,383 shares during the period. Finally, Bensler LLC purchased a new stake in First Trust Technology AlphaDEX Fund in the 4th quarter valued at $200,000.

First Trust Technology AlphaDEX Fund Stock Down 1.1%

FXL traded down $2.36 on Friday, reaching $207.64. The company had a trading volume of 47,360 shares, compared to its average volume of 75,417. First Trust Technology AlphaDEX Fund has a 1 year low of $151.62 and a 1 year high of $224.20. The stock has a market capitalization of $2.62 billion, a PE ratio of 21.63 and a beta of 1.23. The stock has a 50-day moving average price of $205.47 and a 200-day moving average price of $181.92.

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.