Short Interest in First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Decreases By 54.2%

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 20,000 shares, a decrease of 54.2% from the February 28th total of 43,700 shares. Based on an average daily trading volume, of 24,000 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the shares of the company are short sold.

First Trust Mid Cap Growth AlphaDEX Fund Stock Down 2.2 %

NASDAQ FNY traded down $1.67 during trading on Friday, hitting $74.17. The company’s stock had a trading volume of 13,462 shares, compared to its average volume of 18,097. First Trust Mid Cap Growth AlphaDEX Fund has a 52 week low of $69.31 and a 52 week high of $88.74. The firm has a market cap of $370.85 million, a P/E ratio of 23.18 and a beta of 1.13. The firm has a 50 day moving average price of $80.60 and a 200 day moving average price of $81.42.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

A number of hedge funds have recently bought and sold shares of FNY. Benjamin Edwards Inc. acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 3rd quarter valued at about $5,558,000. Stifel Financial Corp lifted its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 190.5% in the third quarter. Stifel Financial Corp now owns 39,769 shares of the company’s stock valued at $3,167,000 after buying an additional 26,079 shares during the period. Jane Street Group LLC acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the 3rd quarter worth $381,000. Arete Wealth Advisors LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter valued at about $210,000. Finally, Wealth Management Partners LLC grew its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 0.6% during the fourth quarter. Wealth Management Partners LLC now owns 35,924 shares of the company’s stock valued at $2,874,000 after purchasing an additional 207 shares during the period.

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.