Short Interest in First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Expands By 91.5%

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY - Get Free Report) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 67,400 shares, a growth of 91.5% from the December 15th total of 35,200 shares. Based on an average daily volume of 13,800 shares, the short-interest ratio is currently 4.9 days.

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

A number of large investors have recently bought and sold shares of FNY. Zions Bancorporation N.A. acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the second quarter worth $132,000. Arete Wealth Advisors LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter valued at $210,000. Gateway Wealth Partners LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund in the second quarter valued at $236,000. Nations Financial Group Inc. IA ADV acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter valued at $243,000. Finally, Sanctuary Advisors LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund in the second quarter valued at $338,000.

First Trust Mid Cap Growth AlphaDEX Fund Stock Up 1.5 %

NASDAQ FNY traded up $1.19 during mid-day trading on Tuesday, hitting $81.39. The stock had a trading volume of 34,727 shares, compared to its average volume of 22,478. First Trust Mid Cap Growth AlphaDEX Fund has a 52-week low of $65.28 and a 52-week high of $88.74. The company has a market cap of $382.53 million, a price-to-earnings ratio of 17.61 and a beta of 1.13. The company has a 50 day simple moving average of $83.92 and a 200 day simple moving average of $79.39.

First Trust Mid Cap Growth AlphaDEX Fund Announces Dividend

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

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.

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