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

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 36,249 shares, a drop of 39.6% from the July 15th total of 60,036 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 23,324 shares, the short-interest ratio is currently 1.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FNY. Cetera Investment Advisers boosted its stake in First Trust Mid Cap Growth AlphaDEX Fund by 91.0% in the 1st quarter. Cetera Investment Advisers now owns 177,035 shares of the company’s stock worth $16,019,000 after purchasing an additional 84,347 shares during the period. LPL Financial LLC grew its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 11.7% during the 4th quarter. LPL Financial LLC now owns 726,753 shares of the company’s stock valued at $66,276,000 after buying an additional 76,380 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 31.8% during the third quarter. NewEdge Advisors LLC now owns 259,716 shares of the company’s stock valued at $23,794,000 after buying an additional 62,725 shares during the period. IHT Wealth Management LLC increased its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 1,876.0% during the fourth quarter. IHT Wealth Management LLC now owns 55,783 shares of the company’s stock valued at $5,087,000 after buying an additional 52,960 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the third quarter valued at about $3,337,000.

First Trust Mid Cap Growth AlphaDEX Fund Stock Down 2.2%

NASDAQ FNY opened at $105.56 on Wednesday. The firm has a market cap of $596.41 million, a P/E ratio of 24.50 and a beta of 1.19. The company’s 50 day moving average is $105.72 and its 200-day moving average is $100.32. First Trust Mid Cap Growth AlphaDEX Fund has a 12-month low of $83.42 and a 12-month high of $111.06.

About First Trust Mid Cap Growth AlphaDEX Fund

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.