First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Short Interest Update

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank purchased a new stake in shares of First Trust Technology AlphaDEX Fund in the 3rd quarter worth about $36,000. FSC Wealth Advisors LLC bought a new stake in shares of First Trust Technology AlphaDEX Fund during the 2nd quarter valued at about $37,000. Optiver Holding B.V. bought a new stake in shares of First Trust Technology AlphaDEX Fund during the 3rd quarter valued at about $39,000. Hilton Head Capital Partners LLC purchased a new position in shares of First Trust Technology AlphaDEX Fund during the fourth quarter valued at about $42,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of First Trust Technology AlphaDEX Fund during the fourth quarter valued at about $46,000.

First Trust Technology AlphaDEX Fund Stock Down 2.3%

Shares of FXL traded down $3.70 during mid-day trading on Friday, hitting $155.98. 36,724 shares of the company’s stock traded hands, compared to its average volume of 14,956. The firm has a market capitalization of $1.30 billion, a P/E ratio of 21.63 and a beta of 1.19. The business’s 50-day moving average price is $166.71 and its 200-day moving average price is $168.53. First Trust Technology AlphaDEX Fund has a 1 year low of $110.83 and a 1 year high of $177.51.

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.