First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Shares Shorted: Short Interest Up 1,862.1% in October

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) saw 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. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 26,011 shares, the short-interest ratio is presently 0.7 days.

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

Several institutional investors have recently made changes to their positions in FNK. Cetera Investment Advisers grew its holdings 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 in the last quarter. RFG Advisory LLC purchased a new stake in First Trust Mid Cap Value AlphaDEX Fund in the second quarter worth approximately $202,000. Kestra Advisory Services LLC grew its position 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 worth $590,000 after acquiring an additional 1,966 shares during the last quarter. Parallel Advisors LLC purchased a new position in First Trust Mid Cap Value AlphaDEX Fund during the 1st quarter valued at about $110,000. Finally, Rockefeller Capital Management L.P. raised its stake in First Trust Mid Cap Value AlphaDEX Fund by 69.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,876 shares of the company’s stock worth $160,000 after buying an additional 1,183 shares in the last quarter.

First Trust Mid Cap Value AlphaDEX Fund Trading Down 0.6%

FNK stock traded down $0.36 during trading on Wednesday, hitting $62.71. The company had a trading volume of 535 shares, compared to its average volume of 7,530. The business has a 50-day moving average of $62.37 and a 200-day moving average of $60.52. 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 cap of $235.16 million, a PE ratio of 10.44 and a beta of 0.97.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

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

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.