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

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) was the target of a large 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 daily volume of 22,300 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.9% of the shares of the stock are sold short.

First Trust Mid Cap Growth AlphaDEX Fund Stock Down 1.2 %

FNY stock traded down $0.89 during mid-day trading on Tuesday, hitting $74.41. The company had a trading volume of 16,079 shares, compared to its average volume of 17,957. The company has a 50-day moving average price of $81.33 and a 200 day moving average price of $81.47. The company has a market capitalization of $372.05 million, a price-to-earnings ratio of 22.08 and a beta of 1.13. First Trust Mid Cap Growth AlphaDEX Fund has a 12-month low of $69.31 and a 12-month high of $88.74.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

Several hedge funds have recently made changes to their positions in FNY. Allworth Financial LP raised its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 23.8% during the 4th quarter. Allworth Financial LP now owns 625 shares of the company’s stock valued at $53,000 after buying an additional 120 shares in the last quarter. Synergy Asset Management LLC purchased a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter valued at about $60,000. Mpwm Advisory Solutions LLC purchased a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the 4th quarter worth about $64,000. Oppenheimer & Co. Inc. purchased a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the 4th quarter worth about $208,000. Finally, Arete Wealth Advisors LLC purchased a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the 3rd quarter worth about $210,000.

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.