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

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) saw a significant decrease in short interest in the month of 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. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 720,387 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 720,387 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Energy AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in shares of First Trust Energy AlphaDEX Fund during the 2nd quarter valued at $1,178,000. Tower Research Capital LLC TRC raised its stake in First Trust Energy AlphaDEX Fund by 57.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 81,560 shares of the company’s stock valued at $1,238,000 after acquiring an additional 29,697 shares during the period. Goldman Sachs Group Inc. raised its stake in First Trust Energy AlphaDEX Fund by 2.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 105,304 shares of the company’s stock valued at $1,740,000 after acquiring an additional 2,686 shares during the period. Janney Montgomery Scott LLC lifted its holdings in First Trust Energy AlphaDEX Fund by 10.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 78,209 shares of the company’s stock valued at $1,288,000 after purchasing an additional 7,618 shares during the last quarter. Finally, AlphaCore Capital LLC bought a new stake in shares of First Trust Energy AlphaDEX Fund in the fourth quarter valued at approximately $31,000.

First Trust Energy AlphaDEX Fund Price Performance

Shares of First Trust Energy AlphaDEX Fund stock traded down $0.37 on Thursday, reaching $19.18. 748,140 shares of the company traded hands, compared to its average volume of 720,577. First Trust Energy AlphaDEX Fund has a 52 week low of $12.55 and a 52 week high of $19.57. The company has a 50 day moving average of $17.26 and a 200 day moving average of $16.49. The firm has a market capitalization of $284.75 million, a PE ratio of 10.63 and a beta of 0.88.

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.