Short Interest in First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Expands By 72.4%

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 40,000 shares, a growth of 72.4% from the January 15th total of 23,200 shares. Based on an average daily volume of 18,800 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Trading of First Trust Mid Cap Value AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oarsman Capital Inc. purchased a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the fourth quarter worth approximately $63,000. GAMMA Investing LLC increased its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 11.5% during the fourth quarter. GAMMA Investing LLC now owns 2,025 shares of the company’s stock worth $108,000 after acquiring an additional 209 shares during the period. Great Valley Advisor Group Inc. purchased a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the third quarter worth approximately $214,000. Jane Street Group LLC purchased a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the third quarter worth approximately $223,000. Finally, Moors & Cabot Inc. purchased a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the third quarter worth approximately $235,000.

First Trust Mid Cap Value AlphaDEX Fund Stock Up 0.1 %

First Trust Mid Cap Value AlphaDEX Fund stock traded up $0.06 during midday trading on Friday, reaching $54.29. The stock had a trading volume of 8,383 shares, compared to its average volume of 27,466. First Trust Mid Cap Value AlphaDEX Fund has a 52-week low of $49.77 and a 52-week high of $58.52. The firm has a market cap of $228.02 million, a price-to-earnings ratio of 10.86 and a beta of 1.29. The company has a fifty day moving average of $54.37 and a 200 day moving average of $54.32.

First Trust Mid Cap Value AlphaDEX Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.291 dividend. The ex-dividend date was Friday, December 13th.

About First Trust Mid Cap Value AlphaDEX Fund

The First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Value index. The fund tracks a mid-cap index that selects value stocks using quant methodology and applies an equal-tiered weighting scheme. FNK was launched on Apr 18, 2011 and is managed by First Trust.