Short Interest in First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Grows By 5.4%

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 50,600 shares, an increase of 5.4% from the January 15th total of 48,000 shares. Based on an average trading volume of 21,200 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Investors Weigh In On First Trust Mid Cap Growth AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP raised its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 23.8% in the fourth quarter. Allworth Financial LP now owns 625 shares of the company’s stock worth $53,000 after purchasing an additional 120 shares during the last quarter. Gateway Wealth Partners LLC boosted its position in First Trust Mid Cap Growth AlphaDEX Fund by 4.4% in the third quarter. Gateway Wealth Partners LLC now owns 3,352 shares of the company’s stock valued at $267,000 after buying an additional 142 shares during the last quarter. Financial Advocates Investment Management increased its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 5.7% in the 4th 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. Wealth Management Partners LLC raised its position in First Trust Mid Cap Growth AlphaDEX Fund by 0.6% during the 4th quarter. Wealth Management Partners LLC now owns 35,924 shares of the company’s stock worth $2,874,000 after buying an additional 207 shares during the last quarter. Finally, Harbour Investments Inc. lifted its stake in First Trust Mid Cap Growth AlphaDEX Fund by 14.1% during the 4th quarter. Harbour Investments Inc. now owns 3,231 shares of the company’s stock valued at $258,000 after acquiring an additional 400 shares during the period.

First Trust Mid Cap Growth AlphaDEX Fund Trading Down 0.1 %

Shares of FNY stock traded down $0.08 during trading hours on Monday, reaching $85.09. 17,430 shares of the company’s stock were exchanged, compared to its average volume of 28,698. First Trust Mid Cap Growth AlphaDEX Fund has a fifty-two week low of $68.58 and a fifty-two week high of $88.74. The stock’s 50 day moving average is $83.10 and its 200-day moving average is $80.98. The company has a market cap of $425.45 million, a price-to-earnings ratio of 17.61 and a beta of 1.13.

First Trust Mid Cap Growth AlphaDEX Fund Dividend Announcement

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

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.