First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Stock Short Interest Falls 36.6%

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 43,705 shares, a decrease of 36.6% from the September 15th total of 68,960 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average trading volume of 9,744 shares, the days-to-cover ratio is presently 4.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Ascentis Independent Advisors bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the 1st quarter valued at $28,000. Central Pacific Bank Trust Division bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter worth $44,000. Western Wealth Management LLC bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the 1st quarter worth $38,000. MidFirst Bank bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the 4th quarter worth $52,000. Finally, Integrated Wealth Concepts LLC bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter worth $89,000.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

Shares of First Trust Mid Cap Growth AlphaDEX Fund stock opened at $98.52 on Friday. The business’s 50 day simple moving average is $101.93 and its two-hundred day simple moving average is $102.25. The stock has a market capitalization of $561.56 million, a P/E ratio of 24.50 and a beta of 1.20. First Trust Mid Cap Growth AlphaDEX Fund has a one year low of $85.09 and a one year high of $111.06.

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.