Short Interest in First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Rises By 7.1%

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 54,300 shares, an increase of 7.1% from the September 30th total of 50,700 shares. Based on an average trading volume of 14,700 shares, the days-to-cover ratio is currently 3.7 days.

First Trust Mid Cap Growth AlphaDEX Fund Trading Up 0.6 %

Shares of NASDAQ:FNY traded up $0.47 on Friday, reaching $79.57. 9,570 shares of the company’s stock were exchanged, compared to its average volume of 15,537. The company has a fifty day moving average of $78.69 and a 200-day moving average of $75.35. First Trust Mid Cap Growth AlphaDEX Fund has a twelve month low of $57.13 and a twelve month high of $82.18. The company has a market capitalization of $354.09 million, a price-to-earnings ratio of 17.61 and a beta of 1.13.

First Trust Mid Cap Growth AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.3051 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, September 26th. This is an increase from First Trust Mid Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.06.

Hedge Funds Weigh In On First Trust Mid Cap Growth AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Zions Bancorporation N.A. bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the second quarter worth about $132,000. Gateway Wealth Partners LLC bought a new position in First Trust Mid Cap Growth AlphaDEX Fund during the 2nd quarter worth approximately $236,000. Sanctuary Advisors LLC bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter valued at $338,000. Jaffetilchin Investment Partners LLC bought a new position in First Trust Mid Cap Growth AlphaDEX Fund during the first quarter worth $348,000. Finally, Concurrent Investment Advisors LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund in the second quarter valued at $417,000.

About First Trust Mid Cap Growth AlphaDEX Fund

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.