First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Short Interest Update

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK - Get Free Report) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 40,000 shares, an increase of 72.4% from the January 15th total of 23,200 shares. Based on an average daily volume of 18,800 shares, the short-interest ratio is presently 2.1 days.

Hedge Funds Weigh In On First Trust Mid Cap Value AlphaDEX Fund

A number of institutional investors have recently modified their holdings of FNK. Total Investment Management Inc. raised its position in First Trust Mid Cap Value AlphaDEX Fund by 2.1% during the 4th quarter. Total Investment Management Inc. now owns 1,325,412 shares of the company's stock valued at $70,923,000 after purchasing an additional 27,348 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of First Trust Mid Cap Value AlphaDEX Fund by 0.3% in the 4th quarter. Wells Fargo & Company MN now owns 248,621 shares of the company's stock valued at $13,304,000 after purchasing an additional 689 shares in the last quarter. Gladstone Institutional Advisory LLC lifted its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 12.5% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 66,377 shares of the company's stock worth $3,617,000 after purchasing an additional 7,389 shares during the period. Raymond James & Associates boosted its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 1.3% during the third quarter. Raymond James & Associates now owns 55,317 shares of the company's stock valued at $3,014,000 after purchasing an additional 693 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in First Trust Mid Cap Value AlphaDEX Fund during the fourth quarter valued at approximately $2,849,000.

First Trust Mid Cap Value AlphaDEX Fund Trading Down 0.5 %

Shares of FNK traded down $0.27 during trading hours on Wednesday, reaching $54.45. 2,953 shares of the company traded hands, compared to its average volume of 27,885. The stock's fifty day moving average price is $54.32 and its 200 day moving average price is $54.30. The firm has a market cap of $228.69 million, a price-to-earnings ratio of 10.86 and a beta of 1.29. First Trust Mid Cap Value AlphaDEX Fund has a 12-month low of $49.77 and a 12-month high of $58.52.

First Trust Mid Cap Value AlphaDEX Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.291 dividend. The ex-dividend date was Friday, December 13th.

About First Trust Mid Cap Value AlphaDEX Fund

The First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Value index. The fund tracks a mid-cap index that selects value stocks using quant methodology and applies an equal-tiered weighting scheme. FNK was launched on Apr 18, 2011 and is managed by First Trust.