First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Stock Short Interest Report for September

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 931 shares, a decline of 85.2% from the September 15th total of 6,287 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 7,040 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

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

First Trust Mid Cap Value AlphaDEX Fund Stock Performance

NASDAQ:FNK opened at $60.27 on Friday. The stock has a 50-day simple moving average of $62.98 and a two-hundred day simple moving average of $61.02. First Trust Mid Cap Value AlphaDEX Fund has a 52-week low of $51.98 and a 52-week high of $65.14. The firm has a market capitalization of $216.97 million, a PE ratio of 10.44 and a beta of 0.97.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.2757 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, September 24th. This is an increase from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.1676.

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.