First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Shares Shorted: Short Interest Up 1,862.1% in October

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 18,267 shares, a growth of 1,862.1% from the September 30th total of 931 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 26,011 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On First Trust Mid Cap Value AlphaDEX Fund

A number of hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers grew its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 17.3% during the 1st quarter. Cetera Investment Advisers now owns 105,572 shares of the company’s stock worth $6,026,000 after acquiring an additional 15,551 shares during the period. RFG Advisory LLC bought a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund during the 2nd quarter valued at $202,000. Kestra Advisory Services LLC increased its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 23.5% during the first quarter. Kestra Advisory Services LLC now owns 10,335 shares of the company’s stock valued at $590,000 after buying an additional 1,966 shares during the period. Parallel Advisors LLC purchased a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the first quarter worth about $110,000. Finally, Rockefeller Capital Management L.P. grew its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 69.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,876 shares of the company’s stock valued at $160,000 after purchasing an additional 1,183 shares in the last quarter.

First Trust Mid Cap Value AlphaDEX Fund Stock Up 0.3%

NASDAQ FNK traded up $0.21 on Monday, reaching $63.07. The company had a trading volume of 6,570 shares, compared to its average volume of 7,555. The company’s fifty day moving average is $62.39 and its 200 day moving average is $60.49. First Trust Mid Cap Value AlphaDEX Fund has a 52-week low of $51.98 and a 52-week high of $65.14. The stock has a market capitalization of $236.51 million, a P/E ratio of 10.44 and a beta of 0.97.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.2757 dividend. This is a boost from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.1676. This represents a $1.10 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, September 24th.

About First Trust Mid Cap Value AlphaDEX Fund

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.