First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Sees Large Increase in Short Interest

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 50,600 shares, a growth of 5.4% from the January 15th total of 48,000 shares. Based on an average daily trading volume, of 21,200 shares, the short-interest ratio is presently 2.4 days.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

NASDAQ:FNY opened at $85.09 on Tuesday. First Trust Mid Cap Growth AlphaDEX Fund has a fifty-two week low of $68.58 and a fifty-two week high of $88.74. The stock has a market capitalization of $425.45 million, a P/E ratio of 17.61 and a beta of 1.13. The company’s 50-day simple moving average is $83.08 and its 200-day simple moving average is $81.05.

First Trust Mid Cap Growth AlphaDEX Fund Announces Dividend

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

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

A number of institutional investors have recently bought and sold shares of FNY. Raymond James Financial Inc. acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $14,166,000. Benjamin Edwards Inc. acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the 3rd quarter worth approximately $5,558,000. LPL Financial LLC boosted its stake in First Trust Mid Cap Growth AlphaDEX Fund by 11.9% in the 4th quarter. LPL Financial LLC now owns 569,446 shares of the company’s stock worth $45,556,000 after purchasing an additional 60,713 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in First Trust Mid Cap Growth AlphaDEX Fund by 107.2% in the 3rd quarter. Kingsview Wealth Management LLC now owns 90,431 shares of the company’s stock worth $7,202,000 after purchasing an additional 46,785 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in First Trust Mid Cap Growth AlphaDEX Fund by 375.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 46,492 shares of the company’s stock worth $3,719,000 after purchasing an additional 36,712 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.