First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Sees Large Increase in Short Interest

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 54,928 shares, an increase of 55.8% from the February 26th total of 35,263 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average trading volume of 22,496 shares, the short-interest ratio is presently 2.4 days.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

Shares of NASDAQ FNY traded down $1.45 on Friday, hitting $88.48. The company’s stock had a trading volume of 11,371 shares, compared to its average volume of 27,459. The stock has a 50 day moving average of $95.21 and a 200-day moving average of $93.18. The company has a market capitalization of $460.10 million, a price-to-earnings ratio of 24.50 and a beta of 1.18. First Trust Mid Cap Growth AlphaDEX Fund has a 12-month low of $64.52 and a 12-month high of $99.44.

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

A number of institutional investors and hedge funds have recently bought and sold shares of FNY. Integrated Wealth Concepts LLC purchased a new position in First Trust Mid Cap Growth AlphaDEX Fund during the first quarter worth $403,000. Jones Financial Companies Lllp raised its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 62.2% in the first quarter. Jones Financial Companies Lllp now owns 5,098 shares of the company’s stock worth $354,000 after acquiring an additional 1,955 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 5.6% in the first quarter. Goldman Sachs Group Inc. now owns 52,795 shares of the company’s stock valued at $3,953,000 after acquiring an additional 2,795 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the first quarter valued at $362,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 102.6% during the second quarter. JPMorgan Chase & Co. now owns 4,131 shares of the company’s stock valued at $341,000 after acquiring an additional 2,092 shares during 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.