First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Short Interest Down 86.6% in June

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 2,987 shares, a drop of 86.6% from the May 31st total of 22,277 shares. Based on an average daily volume of 29,461 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

First Trust Technology AlphaDEX Fund Stock Down 1.2%

FXL stock traded down $2.59 during midday trading on Friday, hitting $207.14. The company’s stock had a trading volume of 6,408,052 shares, compared to its average volume of 75,114. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 21.63 and a beta of 1.24. The stock’s 50-day moving average price is $200.28 and its 200 day moving average price is $179.30. First Trust Technology AlphaDEX Fund has a 1 year low of $151.62 and a 1 year high of $224.20.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

Institutional investors have recently bought and sold shares of the company. Retirement Planning Group LLC raised its holdings in First Trust Technology AlphaDEX Fund by 0.7% during the 1st quarter. Retirement Planning Group LLC now owns 9,511 shares of the company’s stock valued at $1,511,000 after acquiring an additional 62 shares during the period. OLD National Bancorp IN grew its position in shares of First Trust Technology AlphaDEX Fund by 2.5% in the first quarter. OLD National Bancorp IN now owns 2,390 shares of the company’s stock valued at $380,000 after purchasing an additional 59 shares in the last quarter. World Investment Advisors raised its stake in shares of First Trust Technology AlphaDEX Fund by 21.8% during the 4th quarter. World Investment Advisors now owns 2,589 shares of the company’s stock valued at $436,000 after purchasing an additional 464 shares during the period. Forty three Eighteen Advisors LLC purchased a new stake in First Trust Technology AlphaDEX Fund during the 4th quarter worth about $1,549,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in First Trust Technology AlphaDEX Fund during the 4th quarter worth about $505,000.

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.