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

by · The Cerbat Gem

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY – Get Free Report) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 54,300 shares, an increase of 7.1% from the September 30th total of 50,700 shares. Based on an average daily trading volume, of 14,700 shares, the short-interest ratio is currently 3.7 days.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

FNY stock traded up $0.47 during midday trading on Friday, reaching $79.57. 9,481 shares of the company traded hands, compared to its average volume of 15,537. First Trust Mid Cap Growth AlphaDEX Fund has a 52-week low of $57.13 and a 52-week high of $82.18. The business has a 50 day moving average of $78.69 and a 200-day moving average of $75.35. The firm has a market capitalization of $354.09 million, a price-to-earnings ratio of 17.61 and a beta of 1.13.

First Trust Mid Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.3051 dividend. This represents a $1.22 annualized dividend and a dividend yield of 1.53%. This is an increase from First Trust Mid Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, September 26th.

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

Several hedge funds and other institutional investors have recently modified their holdings of FNY. Zions Bancorporation N.A. bought a new position in First Trust Mid Cap Growth AlphaDEX Fund in the second quarter worth approximately $132,000. Gateway Wealth Partners LLC acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter worth $236,000. Jaffetilchin Investment Partners LLC acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 1st quarter worth $348,000. Sanctuary Advisors LLC acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter worth $338,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter worth $417,000.

About First Trust Mid Cap Growth AlphaDEX Fund

(Get Free Report)

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.

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