First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Stock Short Interest Report for September

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 506,713 shares, an increase of 665.1% from the September 15th total of 66,227 shares. Approximately 3.2% of the company’s shares are short sold. Based on an average daily volume of 517,116 shares, the days-to-cover ratio is presently 1.0 days.

First Trust Energy AlphaDEX Fund Trading Down 0.3%

NYSEARCA FXN traded down $0.07 during trading on Friday, hitting $23.34. The company had a trading volume of 560,503 shares, compared to its average volume of 1,228,353. First Trust Energy AlphaDEX Fund has a one year low of $15.18 and a one year high of $24.47. The company has a market cap of $374.61 million, a price-to-earnings ratio of 10.63 and a beta of 0.62. The company’s fifty day moving average is $23.05 and its 200-day moving average is $22.01.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

A number of large investors have recently modified their holdings of the stock. First Trust Advisors LP bought a new stake in shares of First Trust Energy AlphaDEX Fund in the 1st quarter worth approximately $672,402,000. NewEdge Advisors LLC grew its stake in shares of First Trust Energy AlphaDEX Fund by 1,886.8% in the 1st quarter. NewEdge Advisors LLC now owns 684,027 shares of the company’s stock worth $15,363,000 after buying an additional 649,599 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of First Trust Energy AlphaDEX Fund by 2,201.2% in the 1st quarter. D.A. Davidson & CO. now owns 251,057 shares of the company’s stock worth $5,639,000 after buying an additional 240,147 shares during the last quarter. Royal Bank of Canada increased its position in First Trust Energy AlphaDEX Fund by 131.2% during the 1st quarter. Royal Bank of Canada now owns 325,290 shares of the company’s stock valued at $7,306,000 after buying an additional 184,619 shares in the last quarter. Finally, Bank of America Corp DE increased its position in First Trust Energy AlphaDEX Fund by 39.0% during the 1st quarter. Bank of America Corp DE now owns 564,138 shares of the company’s stock valued at $12,671,000 after buying an additional 158,356 shares in the last quarter.

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.