First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Short Interest Up 36.0% in January

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 73,339 shares, an increase of 36.0% from the December 31st total of 53,921 shares. Based on an average daily trading volume, of 38,643 shares, the short-interest ratio is currently 1.9 days. Currently, 1.4% of the shares of the company are sold short. Currently, 1.4% of the shares of the company are sold short. Based on an average daily trading volume, of 38,643 shares, the short-interest ratio is currently 1.9 days.

First Trust Mid Cap Growth AlphaDEX Fund Trading Down 1.9%

FNY stock traded down $1.80 during mid-day trading on Friday, hitting $94.70. 17,666 shares of the company were exchanged, compared to its average volume of 31,698. First Trust Mid Cap Growth AlphaDEX Fund has a 1-year low of $64.52 and a 1-year high of $99.44. The stock has a market capitalization of $492.44 million, a PE ratio of 24.50 and a beta of 1.18. The business has a 50 day simple moving average of $94.21 and a 200-day simple moving average of $90.70.

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

Several institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC increased its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 4.4% in the 3rd quarter. Global Retirement Partners LLC now owns 22,537 shares of the company’s stock valued at $2,065,000 after purchasing an additional 956 shares during the last quarter. Synergy Asset Management LLC acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter valued at about $3,300,000. Brookwood Investment Group LLC bought a new position in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter valued at about $226,000. Osaic Holdings Inc. lifted its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 3.6% in the second quarter. Osaic Holdings Inc. now owns 43,384 shares of the company’s stock worth $3,578,000 after acquiring an additional 1,509 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 13.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 36,712 shares of the company’s stock worth $3,027,000 after acquiring an additional 4,282 shares during the last quarter.

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.