First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Short Interest Up 28.2% in February

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 14,699 shares, an increase of 28.2% from the January 29th total of 11,463 shares. Based on an average trading volume of 8,932 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 8,932 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Trading of First Trust Mid Cap Value AlphaDEX Fund

Several hedge funds have recently bought and sold shares of FNK. Northwestern Mutual Wealth Management Co. acquired a new position in First Trust Mid Cap Value AlphaDEX Fund during the third quarter worth $31,000. Sound Income Strategies LLC acquired a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the fourth quarter valued at about $58,000. Geneos Wealth Management Inc. raised its holdings in First Trust Mid Cap Value AlphaDEX Fund by 200.0% during the second quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock worth $124,000 after acquiring an additional 1,600 shares in the last quarter. Founders Financial Alliance LLC acquired a new position in First Trust Mid Cap Value AlphaDEX Fund during the third quarter valued at approximately $160,000. Finally, Dynamic Advisor Solutions LLC bought a new position in First Trust Mid Cap Value AlphaDEX Fund in the third quarter valued at approximately $202,000.

First Trust Mid Cap Value AlphaDEX Fund Stock Performance

Shares of NASDAQ FNK traded up $0.15 during trading on Wednesday, reaching $59.33. The company had a trading volume of 4,997 shares, compared to its average volume of 7,719. First Trust Mid Cap Value AlphaDEX Fund has a 52 week low of $42.68 and a 52 week high of $61.27. The stock has a market cap of $213.59 million, a PE ratio of 10.44 and a beta of 1.08. The business’s 50 day moving average price is $58.77 and its 200-day moving average price is $56.32.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.2872 dividend. This represents a $1.15 annualized dividend and a dividend yield of 1.9%. This is an increase from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, December 12th.

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.