First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Stock Crosses Below 200 Day Moving Average – What’s Next?

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.42 and traded as low as $17.14. First Trust Energy AlphaDEX Fund shares last traded at $17.15, with a volume of 167,194 shares trading hands.

First Trust Energy AlphaDEX Fund Price Performance

The firm has a market capitalization of $586.95 million, a P/E ratio of 7.24 and a beta of 0.63. The business has a 50 day moving average price of $17.00 and a 200 day moving average price of $17.40.

Hedge Funds Weigh In On First Trust Energy AlphaDEX Fund

Several large investors have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC acquired a new stake in shares of First Trust Energy AlphaDEX Fund during the 2nd quarter worth approximately $54,000. Prospera Private Wealth LLC acquired a new stake in First Trust Energy AlphaDEX Fund during the third quarter worth $88,000. Creative Financial Designs Inc. ADV boosted its stake in First Trust Energy AlphaDEX Fund by 12.9% during the third quarter. Creative Financial Designs Inc. ADV now owns 6,421 shares of the company’s stock worth $104,000 after buying an additional 732 shares in the last quarter. Moors & Cabot Inc. increased its holdings in First Trust Energy AlphaDEX Fund by 4.9% in the 2nd quarter. Moors & Cabot Inc. now owns 12,915 shares of the company’s stock valued at $235,000 after buying an additional 607 shares during the period. Finally, Concourse Financial Group Securities Inc. raised its stake in shares of First Trust Energy AlphaDEX Fund by 371.9% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 13,632 shares of the company’s stock valued at $248,000 after buying an additional 10,743 shares in the last quarter.

First Trust Energy AlphaDEX Fund Company Profile

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.