First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Short Interest Update

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 50,918 shares, a decrease of 50.5% from the March 31st total of 102,887 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 47,247 shares, the short-interest ratio is currently 1.1 days.

First Trust Mid Cap Growth AlphaDEX Fund Trading Down 0.3%

NASDAQ:FNY traded down $0.27 on Monday, reaching $100.21. The stock had a trading volume of 7,876 shares, compared to its average volume of 30,085. The company has a 50-day moving average of $94.72 and a 200 day moving average of $93.89. The stock has a market cap of $516.08 million, a P/E ratio of 24.50 and a beta of 1.20. First Trust Mid Cap Growth AlphaDEX Fund has a 12-month low of $72.75 and a 12-month high of $101.86.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FNY. MidFirst Bank purchased a new position in First Trust Mid Cap Growth AlphaDEX Fund in the 4th quarter valued at about $52,000. Founders Financial Alliance LLC bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the third quarter worth about $192,000. Advisory Services Network LLC bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the third quarter worth about $192,000. Brookwood Investment Group LLC bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the third quarter worth about $226,000. Finally, Ashton Thomas Private Wealth LLC lifted its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 4.2% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 2,729 shares of the company’s stock worth $249,000 after purchasing an additional 109 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.