Short Interest in First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Expands By 507.0%

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) was the target of a large increase in short interest in the month of May. As of May 28th, there was short interest totalling 26,100 shares, an increase of 507.0% from the May 13th total of 4,300 shares. Based on an average daily volume of 38,400 shares, the days-to-cover ratio is currently 0.7 days.

Shares of NASDAQ:FNK traded down $0.22 on Friday, reaching $45.87. 10,056 shares of the company were exchanged, compared to its average volume of 35,016. First Trust Mid Cap Value AlphaDEX Fund has a 1-year low of $25.61 and a 1-year high of $47.23. The stock’s 50-day simple moving average is $45.23.

Large investors have recently bought and sold shares of the company. Stratos Wealth Partners LTD. purchased a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the 4th quarter worth about $259,000. D.A. Davidson & CO. purchased a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the 4th quarter worth about $220,000. LPL Financial LLC boosted its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 64.2% in the 4th quarter. LPL Financial LLC now owns 55,488 shares of the company’s stock worth $1,983,000 after buying an additional 21,695 shares in the last quarter. Wealthsource Partners LLC purchased a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the 4th quarter worth about $1,087,000. Finally, Kingsview Wealth Management LLC boosted its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 129.9% in the 4th quarter. Kingsview Wealth Management LLC now owns 36,399 shares of the company’s stock worth $1,301,000 after buying an additional 20,564 shares in the last quarter.

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