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

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) was the recipient of a significant decrease in short interest in 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 stock are short sold. Based on an average daily trading volume, of 24,000 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Benjamin Edwards Inc. acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 3rd quarter valued at $5,558,000. Stifel Financial Corp boosted its stake in First Trust Mid Cap Growth AlphaDEX Fund by 190.5% in the third quarter. Stifel Financial Corp now owns 39,769 shares of the company’s stock valued at $3,167,000 after buying an additional 26,079 shares in the last quarter. Jane Street Group LLC bought a new position in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter valued at about $381,000. Arete Wealth Advisors LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the third quarter worth about $210,000. Finally, Wealth Management Partners LLC lifted its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 0.6% in the fourth quarter. Wealth Management Partners LLC now owns 35,924 shares of the company’s stock worth $2,874,000 after acquiring an additional 207 shares during the last quarter.

First Trust Mid Cap Growth AlphaDEX Fund Trading Down 2.2 %

FNY stock traded down $1.67 during mid-day trading on Friday, hitting $74.17. The stock had a trading volume of 13,462 shares, compared to its average volume of 18,125. The firm has a fifty day simple moving average of $80.41 and a 200 day simple moving average of $81.47. First Trust Mid Cap Growth AlphaDEX Fund has a 52 week low of $69.31 and a 52 week high of $88.74. The firm has a market capitalization of $370.85 million, a P/E ratio of 23.18 and a beta of 1.13.

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.