First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Sees Significant Increase in Short Interest

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 50,600 shares, an increase of 5.4% from the January 15th total of 48,000 shares. Based on an average daily volume of 21,200 shares, the short-interest ratio is presently 2.4 days.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

FNY opened at $85.94 on Wednesday. The firm’s fifty day moving average is $83.08 and its two-hundred day moving average is $81.05. The firm has a market cap of $429.70 million, a PE ratio of 17.61 and a beta of 1.13. First Trust Mid Cap Growth AlphaDEX Fund has a twelve month low of $68.58 and a twelve month high of $88.74.

First Trust Mid Cap Growth AlphaDEX Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.1415 dividend. The ex-dividend date was Friday, December 13th.

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

Several hedge funds have recently bought and sold shares of FNY. Allworth Financial LP raised its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 23.8% in the fourth quarter. Allworth Financial LP now owns 625 shares of the company’s stock worth $53,000 after purchasing an additional 120 shares during the period. Synergy Asset Management LLC acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the fourth quarter worth $60,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the fourth quarter worth $64,000. Oppenheimer & Co. Inc. acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the fourth quarter worth $208,000. Finally, Arete Wealth Advisors LLC acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the third quarter worth $210,000.

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.