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

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 11,004 shares, a decrease of 31.5% from the December 15th total of 16,058 shares. Based on an average trading volume of 9,138 shares, the short-interest ratio is currently 1.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 9,138 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Vestmark Advisory Solutions Inc. grew its stake in First Trust Technology AlphaDEX Fund by 67.1% in the second quarter. Vestmark Advisory Solutions Inc. now owns 168,840 shares of the company’s stock valued at $26,568,000 after purchasing an additional 67,826 shares during the last quarter. Genesee Capital Advisors LLC boosted its holdings in shares of First Trust Technology AlphaDEX Fund by 12.6% in the 4th quarter. Genesee Capital Advisors LLC now owns 116,333 shares of the company’s stock valued at $19,577,000 after buying an additional 12,999 shares in the last quarter. Truist Financial Corp grew its position in shares of First Trust Technology AlphaDEX Fund by 3.6% in the 2nd quarter. Truist Financial Corp now owns 105,740 shares of the company’s stock worth $16,639,000 after buying an additional 3,660 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of First Trust Technology AlphaDEX Fund by 6.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 97,898 shares of the company’s stock worth $15,405,000 after acquiring an additional 6,129 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in First Trust Technology AlphaDEX Fund by 6.0% during the second quarter. Ameriprise Financial Inc. now owns 89,050 shares of the company’s stock valued at $14,013,000 after acquiring an additional 5,022 shares during the last quarter.

First Trust Technology AlphaDEX Fund Price Performance

Shares of NYSEARCA:FXL traded down $0.23 during trading hours on Friday, hitting $174.64. The company’s stock had a trading volume of 13,578 shares, compared to its average volume of 13,698. The firm’s fifty day moving average price is $169.28 and its 200 day moving average price is $166.08. First Trust Technology AlphaDEX Fund has a 52 week low of $110.83 and a 52 week high of $177.12. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 21.63 and a beta of 1.19.

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.