First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Stock Short Interest Report for October

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 18,267 shares, an increase of 1,862.1% from the September 30th total of 931 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 26,011 shares, the days-to-cover ratio is currently 0.7 days.

First Trust Mid Cap Value AlphaDEX Fund Stock Performance

FNK traded down $0.14 during midday trading on Tuesday, reaching $62.93. 307 shares of the company were exchanged, compared to its average volume of 7,519. First Trust Mid Cap Value AlphaDEX Fund has a one year low of $51.98 and a one year high of $65.14. The stock has a market capitalization of $235.99 million, a P/E ratio of 10.44 and a beta of 0.97. The stock’s 50-day simple moving average is $62.39 and its 200 day simple moving average is $60.49.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.2757 dividend. This is a boost from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.1676. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, September 24th.

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

A number of large investors have recently modified their holdings of FNK. Cetera Investment Advisers increased its position in First Trust Mid Cap Value AlphaDEX Fund by 17.3% during the first quarter. Cetera Investment Advisers now owns 105,572 shares of the company’s stock worth $6,026,000 after buying an additional 15,551 shares during the last quarter. RFG Advisory LLC acquired a new stake in First Trust Mid Cap Value AlphaDEX Fund during the 2nd quarter valued at $202,000. Kestra Advisory Services LLC lifted its holdings in First Trust Mid Cap Value AlphaDEX Fund by 23.5% during the 1st quarter. Kestra Advisory Services LLC now owns 10,335 shares of the company’s stock valued at $590,000 after purchasing an additional 1,966 shares during the last quarter. Parallel Advisors LLC bought a new position in First Trust Mid Cap Value AlphaDEX Fund during the first quarter worth $110,000. Finally, Rockefeller Capital Management L.P. boosted its position in First Trust Mid Cap Value AlphaDEX Fund by 69.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,876 shares of the company’s stock worth $160,000 after purchasing an additional 1,183 shares during the period.

First Trust Mid Cap Value AlphaDEX Fund Company Profile

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.