First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Short Interest Update

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 49,051 shares, a decrease of 33.1% from the January 15th total of 73,339 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 24,547 shares, the short-interest ratio is presently 2.0 days. Based on an average daily trading volume, of 24,547 shares, the short-interest ratio is presently 2.0 days. Approximately 0.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Founders Financial Alliance LLC purchased a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the third quarter worth about $192,000. Advisory Services Network LLC acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 3rd quarter valued at about $192,000. Koshinski Asset Management Inc. acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the second quarter worth approximately $208,000. Brookwood Investment Group LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the third quarter worth approximately $226,000. Finally, Richmond Investment Services LLC purchased a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the second quarter valued at approximately $235,000.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

FNY opened at $96.21 on Monday. First Trust Mid Cap Growth AlphaDEX Fund has a one year low of $64.52 and a one year high of $99.44. The company has a market cap of $500.29 million, a P/E ratio of 24.50 and a beta of 1.18. The business’s 50-day simple moving average is $95.10 and its 200-day simple moving average is $91.58.

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.