First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Short Interest Update

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY - Get Free Report) was the recipient of a significant increase in short interest in 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 short-interest ratio is currently 4.6 days.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

NASDAQ:FNY traded up $0.38 during midday trading on Monday, reaching $83.19. 43,092 shares of the stock traded hands, compared to its average volume of 15,570. First Trust Mid Cap Growth AlphaDEX Fund has a 12-month low of $60.44 and a 12-month high of $87.32. The business has a 50-day moving average of $80.42 and a two-hundred day moving average of $76.48. The stock has a market capitalization of $370.20 million, a PE 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. Shareholders of record on Thursday, September 26th were issued a $0.3051 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.47%. This is a boost from First Trust Mid Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.06.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Gateway Wealth Partners LLC raised its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 4.4% during the third quarter. Gateway Wealth Partners LLC now owns 3,352 shares of the company's stock worth $267,000 after purchasing an additional 142 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 1.4% during the first quarter. Janney Montgomery Scott LLC now owns 10,811 shares of the company's stock worth $817,000 after purchasing an additional 150 shares during the last quarter. Clarus Wealth Advisors raised its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 1.8% during the second quarter. Clarus Wealth Advisors now owns 9,167 shares of the company's stock worth $671,000 after purchasing an additional 165 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 2.3% during the second quarter. Cetera Investment Advisers now owns 73,195 shares of the company's stock worth $5,386,000 after purchasing an additional 1,639 shares during the last quarter. Finally, Zions Bancorporation N.A. purchased a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the second quarter worth $132,000.

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.