First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Short Interest Down 30.7% 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 13th, there was short interest totaling 33,996 shares, a decrease of 30.7% from the January 29th total of 49,051 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 24,976 shares, the days-to-cover ratio is currently 1.4 days. Based on an average trading volume of 24,976 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.7% of the company’s shares are sold short.

Hedge Funds Weigh In On First Trust Mid Cap Growth AlphaDEX Fund

A number of institutional investors have recently modified their holdings of the stock. LPL Financial LLC boosted its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 11.7% in the fourth quarter. LPL Financial LLC now owns 726,753 shares of the company’s stock valued at $66,276,000 after purchasing an additional 76,380 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 3.9% in the 4th quarter. Wells Fargo & Company MN now owns 584,020 shares of the company’s stock worth $53,259,000 after buying an additional 22,042 shares during the period. NewEdge Advisors LLC grew its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 7.7% during the 4th quarter. NewEdge Advisors LLC now owns 279,644 shares of the company’s stock worth $25,502,000 after buying an additional 19,928 shares in the last quarter. &PARTNERS increased its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 1.8% during the fourth quarter. &PARTNERS now owns 155,868 shares of the company’s stock valued at $14,215,000 after buying an additional 2,805 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 32.2% in the second quarter. Envestnet Asset Management Inc. now owns 117,384 shares of the company’s stock valued at $9,677,000 after acquiring an additional 28,568 shares in the last quarter.

First Trust Mid Cap Growth AlphaDEX Fund Trading Down 1.3%

Shares of FNY traded down $1.31 during trading hours on Friday, reaching $97.11. 81,885 shares of the company traded hands, compared to its average volume of 28,971. The stock’s fifty day moving average price is $96.00 and its 200 day moving average price is $92.46. The firm has a market cap of $504.97 million, a price-to-earnings ratio of 24.50 and a beta of 1.18. First Trust Mid Cap Growth AlphaDEX Fund has a 12-month low of $64.52 and a 12-month high of $99.44.

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.