First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Short Interest Down 7.6% in December

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 25,600 shares, a decline of 7.6% from the December 15th total of 27,700 shares. Based on an average daily volume of 14,500 shares, the short-interest ratio is currently 1.8 days.

First Trust Mid Cap Value AlphaDEX Fund Trading Up 0.3 %

FNK traded up $0.18 during midday trading on Friday, hitting $55.33. 5,147 shares of the company were exchanged, compared to its average volume of 46,113. The firm has a market capitalization of $235.15 million, a price-to-earnings ratio of 10.86 and a beta of 1.29. The company’s 50 day simple moving average is $55.18 and its 200 day simple moving average is $54.03. First Trust Mid Cap Value AlphaDEX Fund has a 1-year low of $48.38 and a 1-year high of $58.52.

First Trust Mid Cap Value AlphaDEX Fund Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.291 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 11.5% in the fourth quarter. GAMMA Investing LLC now owns 2,025 shares of the company’s stock valued at $108,000 after buying an additional 209 shares in the last quarter. Great Valley Advisor Group Inc. acquired a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the third quarter valued at approximately $214,000. Jane Street Group LLC acquired a new position in First Trust Mid Cap Value AlphaDEX Fund in the 3rd quarter valued at $223,000. Moors & Cabot Inc. purchased a new stake in First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter valued at about $235,000. Finally, Daymark Wealth Partners LLC purchased a new stake in First Trust Mid Cap Value AlphaDEX Fund during the 2nd quarter valued at about $282,000.

First Trust Mid Cap Value AlphaDEX Fund Company Profile

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.