First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Shares Shorted: Short Interest Down 36.6% in September

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 43,705 shares, a decline of 36.6% from the September 15th total of 68,960 shares. Based on an average daily trading volume, of 9,744 shares, the short-interest ratio is presently 4.5 days. Approximately 0.8% of the company’s stock are sold short.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 3.3% during the first quarter. NewEdge Advisors LLC now owns 288,746 shares of the company’s stock worth $26,128,000 after acquiring an additional 9,102 shares in the last quarter. Cetera Investment Advisers increased its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 91.0% during 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 last quarter. Envestnet Asset Management Inc. increased its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 4.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 113,923 shares of the company’s stock worth $12,629,000 after purchasing an additional 5,117 shares during the last quarter. Royal Bank of Canada raised its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 0.8% during the 1st quarter. Royal Bank of Canada now owns 50,784 shares of the company’s stock worth $4,596,000 after purchasing an additional 413 shares in the last quarter. Finally, Wealth Management Partners LLC raised its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 1.2% during the 1st quarter. Wealth Management Partners LLC now owns 36,401 shares of the company’s stock worth $3,294,000 after purchasing an additional 435 shares in the last quarter.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

NASDAQ:FNY traded down $2.58 on Friday, hitting $95.94. 15,360 shares of the company’s stock were exchanged, compared to its average volume of 23,874. The firm has a 50-day moving average price of $101.71 and a 200-day moving average price of $102.20. First Trust Mid Cap Growth AlphaDEX Fund has a 52 week low of $85.09 and a 52 week high of $111.06. The company has a market cap of $546.86 million, a P/E ratio of 24.50 and a beta of 1.20.

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.