First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Sees Significant Increase in Short Interest

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) saw a large growth in short interest in 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 trading volume of 18,800 shares, the days-to-cover ratio is presently 2.1 days.

First Trust Mid Cap Value AlphaDEX Fund Stock Performance

FNK traded up $0.06 during trading on Friday, reaching $54.29. 8,383 shares of the company traded hands, compared to its average volume of 27,466. First Trust Mid Cap Value AlphaDEX Fund has a 12-month low of $49.77 and a 12-month high of $58.52. The firm has a fifty day simple moving average of $54.37 and a 200 day simple moving average of $54.32. The company has a market cap of $228.02 million, a P/E ratio of 10.86 and a beta of 1.29.

First Trust Mid Cap Value AlphaDEX Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.291 per share. The ex-dividend date of this dividend was Friday, December 13th.

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

Institutional investors have recently added to or reduced their stakes in the stock. Oarsman Capital Inc. purchased a new stake in First Trust Mid Cap Value AlphaDEX Fund during the 4th quarter valued at approximately $63,000. GAMMA Investing LLC grew its holdings in First Trust Mid Cap Value AlphaDEX Fund by 11.5% during the 4th quarter. GAMMA Investing LLC now owns 2,025 shares of the company’s stock valued at $108,000 after buying an additional 209 shares in the last quarter. Great Valley Advisor Group Inc. bought a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter valued at approximately $214,000. Jane Street Group LLC bought a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter valued at approximately $223,000. Finally, Moors & Cabot Inc. bought a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter valued at approximately $235,000.

First Trust Mid Cap Value AlphaDEX Fund Company Profile

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.