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

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 61,600 shares, an increase of 13.4% from the October 15th total of 54,300 shares. Based on an average daily volume of 13,500 shares, the days-to-cover ratio is presently 4.6 days.

First Trust Mid Cap Growth AlphaDEX Fund Trading Up 0.0 %

Shares of NASDAQ:FNY traded up $0.03 during midday trading on Monday, reaching $82.84. The company had a trading volume of 804 shares, compared to its average volume of 15,381. The stock has a market cap of $368.64 million, a P/E ratio of 17.61 and a beta of 1.13. The company’s 50 day moving average price is $80.25 and its 200 day moving average price is $76.40. First Trust Mid Cap Growth AlphaDEX Fund has a 52-week low of $60.44 and a 52-week high of $87.32.

First Trust Mid Cap Growth AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.3051 dividend. This is an increase from First Trust Mid Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.22 annualized dividend and a yield of 1.47%.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

A number of large investors have recently bought and sold shares of the company. Benjamin Edwards Inc. bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the 3rd quarter valued at about $5,558,000. Cambridge Investment Research Advisors Inc. raised its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 514.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 81,232 shares of the company’s stock valued at $5,977,000 after acquiring an additional 68,003 shares during the period. Kingsview Wealth Management LLC lifted its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 107.2% during the third quarter. Kingsview Wealth Management LLC now owns 90,431 shares of the company’s stock worth $7,202,000 after acquiring an additional 46,785 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund in the first quarter worth $3,334,000. Finally, LPL Financial LLC grew its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 8.4% in the second quarter. LPL Financial LLC now owns 521,590 shares of the company’s stock valued at $38,379,000 after purchasing an additional 40,280 shares in the last quarter.

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.