First Trust Mega Cap AlphaDEX Fund (FMK) Short Interest Ratio & Short Volume

Short interest is the volume of First Trust Mega Cap AlphaDEX Fund shares that have been sold short but have not yet been closed out or covered. As of September 30th, traders have sold 100 shares of FMK short. Learn More on First Trust Mega Cap AlphaDEX Fund's current short interest.

First Trust Mega Cap AlphaDEX Fund saw a drop in short interest in the month of September. As of September 30th, there was short interest totaling 100 shares, a drop of 99.1% from the previous total of 11,400 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to First Trust Mega Cap AlphaDEX Fund: VictoryShares Developed Enhanced Volatility Wtd ETF (0.01%), AdvisorShares Dorsey Wright Short ETF (1.16%), Global X NASDAQ 100 Risk Managed Income ETF (2.00%), ProShares Nasdaq-100 Dorsey Wright Momentum ETF (0.79%), BlackRock Large Cap Core ETF (3.17%), IQ U.S. Large Cap R&D Leaders ETF (0.30%), Global X NASDAQ 100 Tail Risk ETF (5.11%), Global X Nasdaq 100 ESG Covered Call ETF (0.30%), Principal Quality ETF (0.01%), First Trust S&P 500 Diversified Dividend Aristocrats ETF (1.81%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.91 billion), Aon plc ($3.68 billion), The Clorox Company ($2.92 billion), Analog Devices, Inc. ($2.35 billion), Uber Technologies, Inc. ($2.27 billion), Moderna, Inc. ($2.14 billion), The Kroger Co. ($2.14 billion), Datadog, Inc. ($2.00 billion), Simon Property Group, Inc. ($1.85 billion), and International Flavors & Fragrances Inc. ($1.75 billion). View all of the most shorted stocks.

Short selling FMK is an investing strategy that aims to generate trading profit from First Trust Mega Cap AlphaDEX Fund as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for First Trust Mega Cap AlphaDEX Fund occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of FMK, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including FMK, twice per month. The most recent reporting period available is September, 30 2020.