First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Short Interest Down 7.6% in December

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 25,600 shares, a decline of 7.6% from the December 15th total of 27,700 shares. Based on an average daily volume of 14,500 shares, the short-interest ratio is currently 1.8 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FNK. Gladstone Institutional Advisory LLC grew its holdings in shares of First Trust Mid Cap Value AlphaDEX Fund by 12.5% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 66,377 shares of the company’s stock valued at $3,617,000 after purchasing an additional 7,389 shares during the last quarter. Raymond James & Associates grew its holdings in First Trust Mid Cap Value AlphaDEX Fund by 1.3% during the 3rd quarter. Raymond James & Associates now owns 55,317 shares of the company’s stock worth $3,014,000 after acquiring an additional 693 shares during the last quarter. Janney Montgomery Scott LLC increased its position in First Trust Mid Cap Value AlphaDEX Fund by 12.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 42,278 shares of the company’s stock valued at $2,262,000 after acquiring an additional 4,693 shares during the period. Benjamin Edwards Inc. bought a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the third quarter worth $1,786,000. Finally, Stifel Financial Corp increased its holdings in First Trust Mid Cap Value AlphaDEX Fund by 6.5% in the third quarter. Stifel Financial Corp now owns 24,407 shares of the company’s stock valued at $1,330,000 after purchasing an additional 1,479 shares during the period.

First Trust Mid Cap Value AlphaDEX Fund Trading Up 0.3 %

FNK stock traded up $0.18 during mid-day trading on Friday, hitting $55.33. 5,147 shares of the company were exchanged, compared to its average volume of 46,113. First Trust Mid Cap Value AlphaDEX Fund has a 1-year low of $48.38 and a 1-year high of $58.52. The business has a 50 day simple moving average of $55.18 and a 200-day simple moving average of $54.03. The stock has a market capitalization of $235.15 million, a PE ratio of 10.86 and a beta of 1.29.

First Trust Mid Cap Value AlphaDEX Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.291 dividend. The ex-dividend date was Friday, December 13th.

About First Trust Mid Cap Value AlphaDEX Fund

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.