First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Shares Shorted: Short Interest Down 85.2% in September

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 931 shares, a decrease of 85.2% from the September 15th total of 6,287 shares. Based on an average daily volume of 7,040 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Trading of First Trust Mid Cap Value AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of FNK. Bessemer Group Inc. acquired a new stake in First Trust Mid Cap Value AlphaDEX Fund during the first quarter worth about $26,000. Parallel Advisors LLC purchased a new position in First Trust Mid Cap Value AlphaDEX Fund in the first quarter valued at $110,000. Rockefeller Capital Management L.P. increased its holdings in First Trust Mid Cap Value AlphaDEX Fund by 69.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,876 shares of the company’s stock valued at $160,000 after buying an additional 1,183 shares in the last quarter. RFG Advisory LLC purchased a new position in shares of First Trust Mid Cap Value AlphaDEX Fund in the 2nd quarter valued at about $202,000. Finally, Kestra Advisory Services LLC raised its holdings in First Trust Mid Cap Value AlphaDEX Fund by 23.5% in the 1st quarter. Kestra Advisory Services LLC now owns 10,335 shares of the company’s stock worth $590,000 after purchasing an additional 1,966 shares during the period.

First Trust Mid Cap Value AlphaDEX Fund Price Performance

NASDAQ:FNK traded up $0.19 during trading hours on Monday, hitting $60.39. 4,253 shares of the company were exchanged, compared to its average volume of 7,606. First Trust Mid Cap Value AlphaDEX Fund has a 52-week low of $51.98 and a 52-week high of $65.14. The stock has a market capitalization of $217.40 million, a price-to-earnings ratio of 10.44 and a beta of 0.97. The company’s 50 day moving average price is $62.98 and its 200-day moving average price is $61.05.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a $0.2757 dividend. This is an increase from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.1676. This represents a $1.10 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Thursday, September 24th.

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.