First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Short Interest Update

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 52,200 shares, a growth of 93.3% from the October 31st total of 27,000 shares. Based on an average daily volume of 10,500 shares, the short-interest ratio is presently 5.0 days.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of FNK. GAMMA Investing LLC raised its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 95.1% in the second quarter. GAMMA Investing LLC now owns 1,816 shares of the company’s stock worth $93,000 after acquiring an additional 885 shares during the last quarter. Great Valley Advisor Group Inc. acquired a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the third quarter valued at approximately $214,000. Jane Street Group LLC bought a new position in First Trust Mid Cap Value AlphaDEX Fund in the 3rd quarter worth approximately $223,000. Moors & Cabot Inc. bought a new position in First Trust Mid Cap Value AlphaDEX Fund in the 3rd quarter worth approximately $235,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in First Trust Mid Cap Value AlphaDEX Fund during the 1st quarter worth $256,000.

First Trust Mid Cap Value AlphaDEX Fund Stock Up 0.1 %

NASDAQ:FNK traded up $0.03 on Thursday, reaching $57.76. The stock had a trading volume of 1,292 shares, compared to its average volume of 16,136. The company has a market capitalization of $233.93 million, a P/E ratio of 10.86 and a beta of 1.29. The stock has a fifty day moving average price of $54.83 and a 200-day moving average price of $53.30. First Trust Mid Cap Value AlphaDEX Fund has a 1-year low of $45.30 and a 1-year high of $58.52.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.2554 dividend. This is an increase from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.21. This represents a $1.02 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Thursday, September 26th.

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.