First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Short Interest Down 8.8% in September

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 10,300 shares, a decline of 8.8% from the September 15th total of 11,300 shares. Based on an average daily volume of 10,500 shares, the short-interest ratio is presently 1.0 days.

First Trust Mid Cap Value AlphaDEX Fund Stock Performance

Shares of First Trust Mid Cap Value AlphaDEX Fund stock traded up $0.03 during midday trading on Thursday, reaching $55.15. 17,512 shares of the company’s stock traded hands, compared to its average volume of 16,515. The stock has a 50 day moving average of $53.48 and a 200-day moving average of $52.60. First Trust Mid Cap Value AlphaDEX Fund has a 12 month low of $41.61 and a 12 month high of $56.14. The company has a market cap of $223.36 million, a PE ratio of 10.86 and a beta of 1.29.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.2554 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.21. This represents a $1.02 annualized dividend and a yield of 1.85%.

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

A number of large investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 95.1% during the second quarter. GAMMA Investing LLC now owns 1,816 shares of the company’s stock valued at $93,000 after purchasing an additional 885 shares in the last quarter. PCG Wealth Advisors LLC purchased a new position in First Trust Mid Cap Value AlphaDEX Fund during the first quarter valued at $238,000. Jaffetilchin Investment Partners LLC bought a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund during the 1st quarter valued at $256,000. Daymark Wealth Partners LLC bought a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund during the 2nd quarter valued at $282,000. Finally, Cetera Advisors LLC grew its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 26.9% in the 1st quarter. Cetera Advisors LLC now owns 9,718 shares of the company’s stock worth $526,000 after buying an additional 2,062 shares during the period.

About First Trust Mid Cap Value AlphaDEX Fund

The First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Value index. The fund tracks a mid-cap index that selects value stocks using quant methodology and applies an equal-tiered weighting scheme. FNK was launched on Apr 18, 2011 and is managed by First Trust.