First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Short Interest Down 22.4% in December

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 16,119 shares, a decline of 22.4% from the November 30th total of 20,771 shares. Based on an average daily volume of 4,291 shares, the days-to-cover ratio is presently 3.8 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 4,291 shares, the days-to-cover ratio is presently 3.8 days.

Institutional Trading of First Trust Mid Cap Value AlphaDEX Fund

Hedge funds have recently modified their holdings of the stock. Kingsview Wealth Management LLC lifted its holdings in First Trust Mid Cap Value AlphaDEX Fund by 1.0% during the 2nd quarter. Kingsview Wealth Management LLC now owns 33,425 shares of the company’s stock worth $1,730,000 after buying an additional 338 shares in the last quarter. G&S Capital LLC raised its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 1.7% during the second quarter. G&S Capital LLC now owns 19,893 shares of the company’s stock worth $1,030,000 after acquiring an additional 341 shares during the last quarter. Equitable Holdings Inc. boosted its holdings in First Trust Mid Cap Value AlphaDEX Fund by 2.2% in the third quarter. Equitable Holdings Inc. now owns 18,464 shares of the company’s stock valued at $1,020,000 after acquiring an additional 406 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in First Trust Mid Cap Value AlphaDEX Fund in the third quarter worth about $31,000. Finally, Geneos Wealth Management Inc. raised its holdings in First Trust Mid Cap Value AlphaDEX Fund by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock worth $124,000 after purchasing an additional 1,600 shares during the last quarter.

First Trust Mid Cap Value AlphaDEX Fund Price Performance

Shares of FNK stock traded up $0.03 during trading hours on Tuesday, hitting $56.23. 7,468 shares of the company’s stock were exchanged, compared to its average volume of 12,868. First Trust Mid Cap Value AlphaDEX Fund has a 52 week low of $42.68 and a 52 week high of $57.35. The stock has a market cap of $199.63 million, a price-to-earnings ratio of 10.44 and a beta of 1.08. The stock’s 50-day moving average is $54.78 and its 200-day moving average is $54.30.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be given a $0.2872 dividend. This represents a $1.15 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, December 12th. This is a boost from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.20.

About First Trust Mid Cap Value AlphaDEX Fund

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.