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

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 61,600 shares, an increase of 13.4% from the October 15th total of 54,300 shares. Based on an average daily trading volume, of 13,500 shares, the short-interest ratio is presently 4.6 days.

First Trust Mid Cap Growth AlphaDEX Fund Stock Up 0.8 %

Shares of FNY stock traded up $0.66 during trading hours on Monday, reaching $83.47. 1,898 shares of the stock traded hands, compared to its average volume of 15,386. The business has a fifty day moving average price of $80.25 and a 200 day moving average price of $76.40. First Trust Mid Cap Growth AlphaDEX Fund has a 1-year low of $60.44 and a 1-year high of $87.32. The firm has a market capitalization of $371.44 million, a PE ratio of 17.61 and a beta of 1.13.

First Trust Mid Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.3051 per share. This represents a $1.22 annualized dividend and a yield of 1.46%. This is a positive change from First Trust Mid Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On First Trust Mid Cap Growth AlphaDEX Fund

Hedge funds have recently bought and sold shares of the business. Zions Bancorporation N.A. acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the second quarter worth approximately $132,000. Gateway Wealth Partners LLC purchased a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 2nd quarter worth about $236,000. Nations Financial Group Inc. IA ADV bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 3rd quarter valued at approximately $243,000. Sanctuary Advisors LLC bought a new position in First Trust Mid Cap Growth AlphaDEX Fund during the second quarter valued at approximately $338,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the first quarter worth approximately $348,000.

First Trust Mid Cap Growth AlphaDEX Fund Company Profile

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.