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

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) was the target of a large growth in short interest in 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 trading volume of 13,800 shares, the short-interest ratio is currently 4.9 days.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

Shares of First Trust Mid Cap Growth AlphaDEX Fund stock traded down $0.16 on Wednesday, reaching $83.97. The company had a trading volume of 10,639 shares, compared to its average volume of 36,230. The firm’s 50 day moving average price is $83.77 and its two-hundred day moving average price is $80.21. The firm has a market cap of $415.65 million, a PE ratio of 17.61 and a beta of 1.13. 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 Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Synergy Asset Management LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $60,000. Arete Wealth Advisors LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the 3rd quarter worth approximately $210,000. Gateway Wealth Partners LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the 2nd quarter worth approximately $236,000. Nations Financial Group Inc. IA ADV acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the 3rd quarter worth approximately $243,000. Finally, Financial Advocates Investment Management grew its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 5.7% during the 4th quarter. Financial Advocates Investment Management now owns 3,563 shares of the company’s stock worth $285,000 after acquiring an additional 191 shares in the last quarter.

About First Trust Mid Cap Growth AlphaDEX Fund

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.