First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Short Interest Down 17.7% in February

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 43,700 shares, a decrease of 17.7% from the February 13th total of 53,100 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 22,300 shares, the days-to-cover ratio is presently 2.0 days.

First Trust Mid Cap Growth AlphaDEX Fund Stock Up 2.0 %

Shares of NASDAQ FNY traded up $1.48 during trading hours on Wednesday, hitting $75.89. The company had a trading volume of 12,232 shares, compared to its average volume of 17,979. The stock has a market capitalization of $379.45 million, a P/E ratio of 22.08 and a beta of 1.13. First Trust Mid Cap Growth AlphaDEX Fund has a 1-year low of $69.31 and a 1-year high of $88.74. The firm’s 50 day moving average is $81.33 and its 200-day moving average is $81.47.

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

Several large investors have recently made changes to their positions in FNY. Raymond James Financial Inc. acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 4th quarter valued at approximately $14,166,000. Benjamin Edwards Inc. acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 3rd quarter valued at approximately $5,558,000. LPL Financial LLC boosted its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 11.9% in the 4th quarter. LPL Financial LLC now owns 569,446 shares of the company’s stock valued at $45,556,000 after buying an additional 60,713 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 107.2% during the 3rd quarter. Kingsview Wealth Management LLC now owns 90,431 shares of the company’s stock valued at $7,202,000 after purchasing an additional 46,785 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 375.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 46,492 shares of the company’s stock worth $3,719,000 after buying an additional 36,712 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.