FXN Volume Spikes as Energy Holdings Draw Analyst Upgrades

First Trust Energy AlphaDEX Fund (FXN) has seen unusual trading volume, which is 25× higher than its average daily volume.

Among FXN’s top holdings, Permian Resources and Matador Resources both saw their price targets raised by Morgan Stanley on expectations of stronger long-term oil and gas pricing, with Permian kept at Overweight and Matador at Equal Weight. Diamondback Energy also benefited from a higher Morgan Stanley price target and an Overweight rating, while Chord Energy was upgraded to Overweight with a sharply increased target price. Exxon Mobil, another key position, drew bullish analyst commentary as UBS reiterated a Buy rating with a $171 price target, reinforcing positive sentiment across large-cap energy names held in the fund.