First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Stock Short Interest Falls 36.6%

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 43,705 shares, a decline of 36.6% from the September 15th total of 68,960 shares. Based on an average daily volume of 9,744 shares, the short-interest ratio is presently 4.5 days. Approximately 0.8% of the company’s shares are sold short.

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

A number of large investors have recently made changes to their positions in FNY. Cetera Investment Advisers increased its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 91.0% during the first quarter. Cetera Investment Advisers now owns 177,035 shares of the company’s stock valued at $16,019,000 after buying an additional 84,347 shares during the period. Citadel Advisors LLC bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the second quarter valued at $3,880,000. Worthington Financial Partners LLC bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter valued at about $1,493,000. Barnes Pettey Financial Advisors LLC bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the 1st quarter valued at approximately $1,289,000. Finally, D.A. Davidson & CO. grew its stake in First Trust Mid Cap Growth AlphaDEX Fund by 271.1% in the first quarter. D.A. Davidson & CO. now owns 16,889 shares of the company’s stock worth $1,528,000 after purchasing an additional 12,338 shares during the period.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

FNY opened at $98.52 on Friday. The business has a 50 day simple moving average of $101.93 and a two-hundred day simple moving average of $102.25. The firm has a market capitalization of $561.56 million, a price-to-earnings ratio of 24.50 and a beta of 1.20. First Trust Mid Cap Growth AlphaDEX Fund has a one year low of $85.09 and a one year high of $111.06.

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.