First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 11,900 shares, a drop of 16.8% from the July 31st total of 14,300 shares. Based on an average trading volume of 11,300 shares, the short-interest ratio is currently 1.1 days.
First Trust Mid Cap Value AlphaDEX Fund Price Performance
FNK stock traded up $0.32 on Monday, reaching $54.65. The company’s stock had a trading volume of 10,800 shares, compared to its average volume of 18,482. The company has a market capitalization of $224.07 million, a P/E ratio of 10.86 and a beta of 1.29. First Trust Mid Cap Value AlphaDEX Fund has a 52 week low of $41.61 and a 52 week high of $56.14. The firm has a fifty day moving average of $52.74 and a two-hundred day moving average of $52.13.
First Trust Mid Cap Value AlphaDEX Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a $0.212 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.85 annualized dividend and a dividend yield of 1.55%.
Institutional Inflows and Outflows
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.
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