Short Interest in First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Declines By 33.1%

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 49,051 shares, a drop of 33.1% from the January 15th total of 73,339 shares. Based on an average daily volume of 24,547 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.9% of the company’s stock are sold short. Currently, 0.9% of the company’s stock are sold short. Based on an average daily volume of 24,547 shares, the days-to-cover ratio is presently 2.0 days.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

FNY traded up $1.24 on Friday, hitting $96.21. The company had a trading volume of 7,548 shares, compared to its average volume of 29,555. The stock has a market capitalization of $500.29 million, a price-to-earnings ratio of 24.50 and a beta of 1.18. The stock has a fifty day moving average price of $95.10 and a 200-day moving average price of $91.48. First Trust Mid Cap Growth AlphaDEX Fund has a 12-month low of $64.52 and a 12-month high of $99.44.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. LPL Financial LLC lifted its position in First Trust Mid Cap Growth AlphaDEX Fund by 11.7% during the fourth quarter. LPL Financial LLC now owns 726,753 shares of the company’s stock valued at $66,276,000 after acquiring an additional 76,380 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 3.9% during the fourth quarter. Wells Fargo & Company MN now owns 584,020 shares of the company’s stock worth $53,259,000 after purchasing an additional 22,042 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 31.8% during the 3rd quarter. NewEdge Advisors LLC now owns 259,716 shares of the company’s stock valued at $23,794,000 after purchasing an additional 62,725 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 32.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 117,384 shares of the company’s stock worth $9,677,000 after purchasing an additional 28,568 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 1.6% in the 3rd quarter. Raymond James Financial Inc. now owns 97,282 shares of the company’s stock worth $8,913,000 after purchasing an additional 1,576 shares in the last quarter.

First Trust Mid Cap Growth AlphaDEX Fund Company Profile

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.