First Trust Energy AlphaDEX Fund Price & Performance (FXN)

First Trust Small Cap Growth AlphaDEX Fund (FYC) saw a significant reduction in short interest this April, dropping 50% from March. Institutional investors, including Eclectic Associates and Nilsine Partners, increased their positions, signaling continued confidence. The fund's shares rose to $68.84, with a market cap of $395.8 million.12

First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) traded above its 50-day moving average, reaching $36.99. Hedge funds and institutional investors, such as Cambridge Investment Research and Quad Cities Investment Group, increased their stakes. The fund maintains a market cap of $232.98 million and a 1.02% yield.34

The options market experienced notable changes today, with nine new option listings and eight delistings. These shifts reflect ongoing adjustments in the derivatives landscape, potentially impacting trading strategies for market participants as they adapt to new opportunities and the removal of certain contracts.53