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

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 54,300 shares, a growth of 7.1% from the September 30th total of 50,700 shares. Based on an average trading volume of 14,700 shares, the days-to-cover ratio is presently 3.7 days.

First Trust Mid Cap Growth AlphaDEX Fund Stock Up 0.6 %

Shares of NASDAQ FNY traded up $0.47 during midday trading on Friday, hitting $79.57. 9,481 shares of the company’s stock were exchanged, compared to its average volume of 15,537. First Trust Mid Cap Growth AlphaDEX Fund has a 12 month low of $57.13 and a 12 month high of $82.18. The company’s 50 day moving average price is $78.69 and its 200 day moving average price is $75.35. The firm has a market capitalization of $354.09 million, a PE ratio of 17.61 and a beta of 1.13.

First Trust Mid Cap Growth AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.3051 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is an increase from First Trust Mid Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.06. This represents a $1.22 annualized dividend and a yield of 1.53%.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in FNY. Zions Bancorporation N.A. bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 2nd quarter valued at $132,000. Gateway Wealth Partners LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter worth about $236,000. Sanctuary Advisors LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter worth about $338,000. Jaffetilchin Investment Partners LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund in the 1st quarter worth about $348,000. Finally, Concurrent Investment Advisors LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter worth about $417,000.

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.