First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Short Interest Update

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 67,400 shares, a growth of 91.5% from the December 31st total of 35,200 shares. Based on an average daily trading volume, of 13,800 shares, the short-interest ratio is presently 4.9 days.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

Shares of NASDAQ:FNY traded down $0.16 during trading on Wednesday, hitting $83.97. 10,639 shares of the company were exchanged, compared to its average volume of 36,230. The company has a market cap of $415.65 million, a PE ratio of 17.61 and a beta of 1.13. The stock has a 50 day moving average of $83.77 and a 200 day moving average of $80.21. First Trust Mid Cap Growth AlphaDEX Fund has a 52-week low of $66.30 and a 52-week high of $88.74.

First Trust Mid Cap Growth AlphaDEX Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.1415 per share. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FNY. Synergy Asset Management LLC purchased a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the fourth quarter worth about $60,000. Arete Wealth Advisors LLC purchased a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter worth about $210,000. Gateway Wealth Partners LLC purchased a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the second quarter worth about $236,000. Nations Financial Group Inc. IA ADV purchased a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter worth about $243,000. Finally, Financial Advocates Investment Management lifted its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 5.7% in the fourth quarter. Financial Advocates Investment Management now owns 3,563 shares of the company’s stock worth $285,000 after buying an additional 191 shares during the period.

First Trust Mid Cap Growth AlphaDEX Fund Company Profile

The First Trust Mid Cap Growth AlphaDEX Fund (FNY) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Growth index. The fund tracks a tiered equal-weighted index of mid-cap growth stocks selected by AlphaDex selection methodology from the S&P 400 Index. FNY was launched on Apr 18, 2011 and is managed by First Trust.