Short Interest in First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Decreases By 54.2%

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 20,000 shares, a decrease of 54.2% from the February 28th total of 43,700 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 24,000 shares, the days-to-cover ratio is presently 0.8 days.

First Trust Mid Cap Growth AlphaDEX Fund Stock Down 2.2 %

First Trust Mid Cap Growth AlphaDEX Fund stock traded down $1.67 during midday trading on Friday, reaching $74.17. The stock had a trading volume of 13,462 shares, compared to its average volume of 18,125. The firm has a market capitalization of $370.85 million, a PE ratio of 23.18 and a beta of 1.13. First Trust Mid Cap Growth AlphaDEX Fund has a 12 month low of $69.31 and a 12 month high of $88.74. The firm’s 50-day moving average price is $80.41 and its 200 day moving average price is $81.47.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

A number of institutional investors have recently modified their holdings of FNY. LPL Financial LLC raised its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 11.9% during the 4th quarter. LPL Financial LLC now owns 569,446 shares of the company’s stock valued at $45,556,000 after acquiring an additional 60,713 shares during the period. Raymond James Financial Inc. bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter valued at $14,166,000. Benjamin Edwards Inc. bought a new position in First Trust Mid Cap Growth AlphaDEX Fund in the 3rd quarter worth about $5,558,000. Cetera Investment Advisers lifted its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 24.6% in the fourth quarter. Cetera Investment Advisers now owns 51,121 shares of the company’s stock worth $4,090,000 after buying an additional 10,081 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 375.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 46,492 shares of the company’s stock worth $3,719,000 after buying an additional 36,712 shares in the last quarter.

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.