First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Short Interest Down 17.7% in February

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 43,700 shares, a drop of 17.7% from the February 13th total of 53,100 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average trading volume of 22,300 shares, the short-interest ratio is currently 2.0 days.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

Shares of First Trust Mid Cap Growth AlphaDEX Fund stock traded up $0.10 during midday trading on Thursday, hitting $75.99. The company had a trading volume of 1,841 shares, compared to its average volume of 17,957. The company has a 50 day moving average of $81.22 and a 200 day moving average of $81.43. The stock has a market capitalization of $379.95 million, a P/E ratio of 22.08 and a beta of 1.13. First Trust Mid Cap Growth AlphaDEX Fund has a 52-week low of $69.31 and a 52-week high of $88.74.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter valued at $14,166,000. Benjamin Edwards Inc. bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 3rd quarter valued at about $5,558,000. LPL Financial LLC grew its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 11.9% during the 4th quarter. LPL Financial LLC now owns 569,446 shares of the company’s stock valued at $45,556,000 after purchasing an additional 60,713 shares during the period. Kingsview Wealth Management LLC increased its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 107.2% during the 3rd quarter. Kingsview Wealth Management LLC now owns 90,431 shares of the company’s stock valued at $7,202,000 after purchasing an additional 46,785 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 375.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 46,492 shares of the company’s stock worth $3,719,000 after purchasing an additional 36,712 shares during the period.

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.