First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Short Interest Down 60.5% in February

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 15,800 shares, a drop of 60.5% from the January 31st total of 40,000 shares. Based on an average trading volume of 18,400 shares, the short-interest ratio is currently 0.9 days.

First Trust Mid Cap Value AlphaDEX Fund Stock Up 0.2 %

Shares of NASDAQ:FNK traded up $0.11 during trading on Friday, reaching $52.60. 7,283 shares of the company’s stock traded hands, compared to its average volume of 24,828. First Trust Mid Cap Value AlphaDEX Fund has a fifty-two week low of $49.96 and a fifty-two week high of $58.52. The firm has a market cap of $220.92 million, a PE ratio of 10.86 and a beta of 1.29. The company has a 50-day simple moving average of $54.09 and a 200-day simple moving average of $54.38.

First Trust Mid Cap Value AlphaDEX Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.291 per share. The ex-dividend date was Friday, December 13th.

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

A number of institutional investors have recently modified their holdings of FNK. Oarsman Capital Inc. acquired a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund during the 4th quarter valued at about $63,000. GAMMA Investing LLC grew its position in shares of 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 acquiring an additional 209 shares during the period. Great Valley Advisor Group Inc. acquired a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter valued at about $214,000. Jane Street Group LLC acquired a new stake in First Trust Mid Cap Value AlphaDEX Fund in the 3rd quarter worth about $223,000. Finally, Moors & Cabot Inc. acquired a new stake in First Trust Mid Cap Value AlphaDEX Fund in the 3rd quarter worth about $235,000.

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.