First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Short Interest Update

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY - Get Free Report) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 24,700 shares, a growth of 23.5% from the April 30th total of 20,000 shares. Based on an average daily volume of 24,100 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.5% of the company's stock are short sold.

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

A number of hedge funds have recently added to or reduced their stakes in FNY. AssuredPartners Investment Advisors LLC purchased a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter worth $961,000. Harbour Investments Inc. grew its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 14.1% during the fourth quarter. Harbour Investments Inc. now owns 3,231 shares of the company's stock valued at $258,000 after purchasing an additional 400 shares during the period. Independent Advisor Alliance purchased a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter valued at about $229,000. Raymond James Financial Inc. purchased a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $14,166,000. Finally, Jones Financial Companies Lllp raised its stake in First Trust Mid Cap Growth AlphaDEX Fund by 78.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,143 shares of the company's stock worth $251,000 after acquiring an additional 1,380 shares during the period.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

Shares of NASDAQ:FNY traded up $0.08 during trading on Thursday, reaching $80.20. 5,903 shares of the stock traded hands, compared to its average volume of 18,749. First Trust Mid Cap Growth AlphaDEX Fund has a 52-week low of $64.52 and a 52-week high of $88.74. The stock has a market cap of $376.94 million, a P/E ratio of 23.90 and a beta of 1.13. The stock has a 50-day moving average of $75.03 and a two-hundred day moving average of $79.57.

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.