Short Interest in First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Drops By 48.0%

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 7,883 shares, a decrease of 48.0% from the June 15th total of 15,146 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 6,904 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of First Trust Mid Cap Value AlphaDEX Fund

Institutional investors have recently made changes to their positions in the business. Kingsview Wealth Management LLC increased its holdings in shares of First Trust Mid Cap Value AlphaDEX Fund by 100.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 65,940 shares of the company’s stock valued at $3,669,000 after purchasing an additional 32,970 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in First Trust Mid Cap Value AlphaDEX Fund during the 4th quarter valued at approximately $1,473,000. Total Investment Management Inc. boosted its holdings in shares of First Trust Mid Cap Value AlphaDEX Fund by 1.5% in the 4th quarter. Total Investment Management Inc. now owns 1,329,591 shares of the company’s stock valued at $73,990,000 after acquiring an additional 19,423 shares during the last quarter. Citadel Advisors LLC increased its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 53.7% in the third quarter. Citadel Advisors LLC now owns 44,666 shares of the company’s stock worth $2,468,000 after acquiring an additional 15,610 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 17.3% in the first quarter. Cetera Investment Advisers now owns 105,572 shares of the company’s stock worth $6,026,000 after acquiring an additional 15,551 shares during the period.

First Trust Mid Cap Value AlphaDEX Fund Stock Up 0.6%

Shares of First Trust Mid Cap Value AlphaDEX Fund stock traded up $0.40 on Wednesday, reaching $62.02. The stock had a trading volume of 1,966 shares, compared to its average volume of 7,247. The stock has a market capitalization of $223.27 million, a P/E ratio of 10.44 and a beta of 0.96. The company has a 50 day moving average price of $60.08 and a 200 day moving average price of $59.03. First Trust Mid Cap Value AlphaDEX Fund has a 1 year low of $51.29 and a 1 year high of $62.07.

First Trust Mid Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.1676 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 1.1%.

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.