First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Short Interest Up 114.2% in April

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 211,801 shares, an increase of 114.2% from the April 15th total of 98,874 shares. Based on an average daily trading volume, of 740,503 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust Energy AlphaDEX Fund

Hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in First Trust Energy AlphaDEX Fund during the 4th quarter worth $28,000. AlphaCore Capital LLC purchased a new stake in shares of First Trust Energy AlphaDEX Fund in the fourth quarter worth about $31,000. Silver Grove Financial Group Inc. acquired a new position in shares of First Trust Energy AlphaDEX Fund in the fourth quarter worth about $39,000. Sound Income Strategies LLC acquired a new position in First Trust Energy AlphaDEX Fund in the fourth quarter worth $40,000. Finally, Hazlett Burt & Watson Inc. increased its stake in First Trust Energy AlphaDEX Fund by 116.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 3,166 shares of the company’s stock valued at $50,000 after purchasing an additional 1,700 shares during the last quarter.

First Trust Energy AlphaDEX Fund Stock Performance

NYSEARCA:FXN opened at $22.27 on Friday. The stock has a 50-day simple moving average of $21.53 and a 200-day simple moving average of $18.83. First Trust Energy AlphaDEX Fund has a 1 year low of $14.37 and a 1 year high of $23.43. The stock has a market cap of $1.20 billion, a P/E ratio of 10.63 and a beta of 0.56.

About First Trust Energy AlphaDEX Fund

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.