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 large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 25,600 shares, a decrease of 7.6% from the December 15th total of 27,700 shares. Based on an average daily trading volume, of 14,500 shares, the short-interest ratio is currently 1.8 days.

Hedge Funds Weigh In On First Trust Mid Cap Value AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 0.6% during the third quarter. Janney Montgomery Scott LLC now owns 37,585 shares of the company’s stock worth $2,048,000 after purchasing an additional 207 shares during the last quarter. GAMMA Investing LLC grew its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 11.5% in the 4th quarter. GAMMA Investing LLC now owns 2,025 shares of the company’s stock worth $108,000 after acquiring an additional 209 shares in the last quarter. Raymond James & Associates increased its holdings in shares of First Trust Mid Cap Value AlphaDEX Fund by 1.3% in the 3rd quarter. Raymond James & Associates now owns 55,317 shares of the company’s stock valued at $3,014,000 after acquiring an additional 693 shares during the last quarter. Stifel Financial Corp raised its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 6.5% during the 3rd quarter. Stifel Financial Corp now owns 24,407 shares of the company’s stock valued at $1,330,000 after acquiring an additional 1,479 shares in the last quarter. Finally, Great Valley Advisor Group Inc. bought a new position in First Trust Mid Cap Value AlphaDEX Fund during the third quarter worth $214,000.

First Trust Mid Cap Value AlphaDEX Fund Stock Up 0.3 %

Shares of First Trust Mid Cap Value AlphaDEX Fund stock traded up $0.18 during trading hours on Monday, hitting $55.33. 5,147 shares of the company’s stock traded hands, compared to its average volume of 46,113. First Trust Mid Cap Value AlphaDEX Fund has a twelve month low of $48.38 and a twelve month high of $58.52. The company has a market cap of $235.15 million, a PE ratio of 10.86 and a beta of 1.29. The stock has a 50 day simple moving average of $55.18 and a 200-day simple moving average of $54.08.

First Trust Mid Cap Value AlphaDEX Fund Dividend Announcement

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

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.