First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Short Interest Up 108.0% in August

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 75,383 shares, an increase of 108.0% from the July 30th total of 36,249 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 17,493 shares, the days-to-cover ratio is currently 4.3 days.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

First Trust Mid Cap Growth AlphaDEX Fund stock opened at $103.00 on Monday. The company has a market capitalization of $581.95 million, a P/E ratio of 24.50 and a beta of 1.19. First Trust Mid Cap Growth AlphaDEX Fund has a fifty-two week low of $85.09 and a fifty-two week high of $111.06. The stock has a 50-day simple moving average of $105.50 and a 200-day simple moving average of $100.83.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC raised its stake in First Trust Mid Cap Growth AlphaDEX Fund by 4.2% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 2,729 shares of the company’s stock worth $249,000 after acquiring an additional 109 shares during the period. Sanctuary Advisors LLC lifted its stake in First Trust Mid Cap Growth AlphaDEX Fund by 3.7% in the first quarter. Sanctuary Advisors LLC now owns 5,562 shares of the company’s stock valued at $503,000 after buying an additional 201 shares during the last quarter. Stonebridge Financial Planning Group LLC lifted its position in First Trust Mid Cap Growth AlphaDEX Fund by 2.9% in the 4th quarter. Stonebridge Financial Planning Group LLC now owns 7,566 shares of the company’s stock valued at $690,000 after purchasing an additional 214 shares during the last quarter. Sigma Planning Corp boosted its stake in First Trust Mid Cap Growth AlphaDEX Fund by 3.7% during the 4th quarter. Sigma Planning Corp now owns 6,441 shares of the company’s stock valued at $587,000 after purchasing an additional 228 shares during the period. Finally, Sylvest Advisors LLC increased its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 1.3% in the first quarter. Sylvest Advisors LLC now owns 18,793 shares of the company’s stock valued at $1,701,000 after purchasing an additional 246 shares during the period.

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.