First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY - Get Free Report) was the recipient of 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. Currently, 0.5% of the company's shares are short sold. Based on an average trading volume of 24,100 shares, the days-to-cover ratio is presently 1.0 days.
First Trust Mid Cap Growth AlphaDEX Fund Trading Up 1.3%
FNY traded up $1.05 during trading on Friday, reaching $81.13. 5,400 shares of the company's stock were exchanged, compared to its average volume of 18,472. First Trust Mid Cap Growth AlphaDEX Fund has a one year low of $64.52 and a one year high of $88.74. The stock has a market capitalization of $381.32 million, a PE ratio of 23.90 and a beta of 1.13. The firm has a fifty day moving average price of $75.25 and a two-hundred day moving average price of $79.53.
Institutional Investors Weigh In On First Trust Mid Cap Growth AlphaDEX Fund
A number of institutional investors have recently modified their holdings of FNY. GPS Wealth Strategies Group LLC bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 1st quarter valued at $49,000. NBC Securities Inc. bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 1st quarter valued at $50,000. Allworth Financial LP boosted its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 23.8% in the 4th quarter. Allworth Financial LP now owns 625 shares of the company's stock valued at $53,000 after purchasing an additional 120 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 4th quarter valued at $64,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 9.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,251 shares of the company's stock valued at $169,000 after purchasing an additional 188 shares during the last quarter.
About First Trust Mid Cap Growth AlphaDEX Fund
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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.
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