First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Short Interest Update

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 25,600 shares, a drop of 7.6% from the December 15th total of 27,700 shares. Based on an average trading volume of 14,500 shares, the short-interest ratio is currently 1.8 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its holdings in First Trust Mid Cap Value AlphaDEX Fund by 12.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 42,278 shares of the company’s stock valued at $2,262,000 after acquiring an additional 4,693 shares during the last quarter. GAMMA Investing LLC lifted its stake in First Trust Mid Cap Value AlphaDEX Fund by 11.5% during the fourth quarter. GAMMA Investing LLC now owns 2,025 shares of the company’s stock valued at $108,000 after purchasing an additional 209 shares during the last quarter. Jane Street Group LLC bought a new stake in First Trust Mid Cap Value AlphaDEX Fund during the third quarter worth approximately $223,000. Stifel Financial Corp grew its position in First Trust Mid Cap Value AlphaDEX Fund by 6.5% in the third quarter. Stifel Financial Corp now owns 24,407 shares of the company’s stock worth $1,330,000 after buying an additional 1,479 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new position in shares of First Trust Mid Cap Value AlphaDEX Fund in the third quarter valued at $1,786,000.

First Trust Mid Cap Value AlphaDEX Fund Trading Up 0.3 %

NASDAQ:FNK traded up $0.18 during midday trading on Friday, hitting $55.33. 5,147 shares of the stock were exchanged, compared to its average volume of 46,113. The company has a market capitalization of $235.15 million, a price-to-earnings ratio of 10.86 and a beta of 1.29. First Trust Mid Cap Value AlphaDEX Fund has a one year low of $48.38 and a one year high of $58.52. The business has a 50-day moving average price of $55.18 and a two-hundred day moving average price of $54.08.

First Trust Mid Cap Value AlphaDEX Fund Announces Dividend

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

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.