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

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY - Get Free Report) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 43,700 shares, a decline of 17.7% from the February 13th total of 53,100 shares. Based on an average trading volume of 22,300 shares, the short-interest ratio is presently 2.0 days. Approximately 0.9% of the company's stock are short sold.

First Trust Mid Cap Growth AlphaDEX Fund Stock Down 0.2 %

FNY stock traded down $0.15 during trading hours on Friday, hitting $75.14. The company's stock had a trading volume of 12,863 shares, compared to its average volume of 17,922. The company has a market capitalization of $379.46 million, a PE ratio of 23.18 and a beta of 1.19. First Trust Mid Cap Growth AlphaDEX Fund has a 12 month low of $69.31 and a 12 month high of $88.74. The stock has a 50 day moving average price of $80.99 and a two-hundred day moving average price of $81.37.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in FNY. LPL Financial LLC boosted its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 11.9% during the 4th quarter. LPL Financial LLC now owns 569,446 shares of the company's stock worth $45,556,000 after buying an additional 60,713 shares during the period. Raymond James Financial Inc. bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the 4th quarter valued at $14,166,000. Kingsview Wealth Management LLC boosted its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 107.2% in the 3rd quarter. Kingsview Wealth Management LLC now owns 90,431 shares of the company's stock valued at $7,202,000 after purchasing an additional 46,785 shares during the period. Benjamin Edwards Inc. bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the 3rd quarter valued at $5,558,000. Finally, Cetera Investment Advisers boosted its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 24.6% in the 4th quarter. Cetera Investment Advisers now owns 51,121 shares of the company's stock valued at $4,090,000 after purchasing an additional 10,081 shares during the period.

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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.