First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Short Interest Update

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 6,287 shares, a drop of 35.7% from the August 31st total of 9,784 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 4,177 shares, the short-interest ratio is presently 1.5 days.

First Trust Mid Cap Value AlphaDEX Fund Stock Performance

FNK opened at $59.16 on Thursday. The company has a fifty day moving average of $63.45 and a two-hundred day moving average of $60.87. The stock has a market capitalization of $212.96 million, a price-to-earnings ratio of 10.44 and a beta of 0.96. First Trust Mid Cap Value AlphaDEX Fund has a fifty-two week low of $51.98 and a fifty-two week high of $65.14.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.2757 dividend. This represents a $1.10 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, September 24th. This is a boost from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.1676.

Institutional Trading of First Trust Mid Cap Value AlphaDEX Fund

Institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers lifted its stake in First Trust Mid Cap Value AlphaDEX Fund by 17.3% in the 1st quarter. Cetera Investment Advisers now owns 105,572 shares of the company’s stock valued at $6,026,000 after buying an additional 15,551 shares in the last quarter. RFG Advisory LLC acquired a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the second quarter valued at approximately $202,000. Kestra Advisory Services LLC lifted its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 23.5% in the first quarter. Kestra Advisory Services LLC now owns 10,335 shares of the company’s stock valued at $590,000 after acquiring an additional 1,966 shares in the last quarter. Parallel Advisors LLC acquired a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the first quarter worth approximately $110,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 69.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,876 shares of the company’s stock worth $160,000 after purchasing an additional 1,183 shares in the last quarter.

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.