First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Sees Large Decline in Short Interest

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

First Trust Technology AlphaDEX Fund Price Performance

First Trust Technology AlphaDEX Fund stock traded down $3.29 during mid-day trading on Friday, hitting $206.44. The company’s stock had a trading volume of 47,656 shares, compared to its average volume of 22,526. The firm’s 50 day moving average is $199.64 and its 200 day moving average is $179.11. The company has a market cap of $1.65 billion, a PE ratio of 21.63 and a beta of 1.24. First Trust Technology AlphaDEX Fund has a 52-week low of $151.62 and a 52-week high of $224.20.

Institutional Trading of First Trust Technology AlphaDEX Fund

Several institutional investors have recently made changes to their positions in the stock. Huntington National Bank purchased a new position in First Trust Technology AlphaDEX Fund during the third quarter valued at approximately $36,000. Optiver Holding B.V. purchased a new stake in First Trust Technology AlphaDEX Fund in the 3rd quarter worth approximately $39,000. Hilton Head Capital Partners LLC acquired a new stake in shares of First Trust Technology AlphaDEX Fund during the 4th quarter valued at $42,000. Flagship Harbor Advisors LLC purchased a new position in shares of First Trust Technology AlphaDEX Fund during the 4th quarter valued at $46,000. Finally, Bessemer Group Inc. grew its holdings in shares of First Trust Technology AlphaDEX Fund by 66.8% during the 1st quarter. Bessemer Group Inc. now owns 387 shares of the company’s stock valued at $62,000 after acquiring an additional 155 shares in the last quarter.

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.