First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Short Interest Down 54.2% in March

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY - Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 20,000 shares, a decrease of 54.2% from the February 28th total of 43,700 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 24,000 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Benjamin Edwards Inc. acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the third quarter valued at approximately $5,558,000. Stifel Financial Corp increased its stake in First Trust Mid Cap Growth AlphaDEX Fund by 190.5% during the third quarter. Stifel Financial Corp now owns 39,769 shares of the company's stock valued at $3,167,000 after purchasing an additional 26,079 shares during the last quarter. Jane Street Group LLC acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the third quarter worth about $381,000. Arete Wealth Advisors LLC acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter worth $210,000. Finally, Wealth Management Partners LLC grew its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 0.6% in the 4th quarter. Wealth Management Partners LLC now owns 35,924 shares of the company's stock worth $2,874,000 after buying an additional 207 shares in the last quarter.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

FNY traded up $0.40 during trading on Tuesday, hitting $75.28. The stock had a trading volume of 16,245 shares, compared to its average volume of 17,443. The firm has a market capitalization of $376.40 million, a P/E ratio of 23.18 and a beta of 1.13. First Trust Mid Cap Growth AlphaDEX Fund has a twelve month low of $69.31 and a twelve month high of $88.74. The company's 50-day moving average price is $80.04 and its 200 day moving average price is $81.49.

First Trust Mid Cap Growth AlphaDEX Fund Company Profile

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.