First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Short Interest Up 108.0% in August

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 75,383 shares, an increase of 108.0% from the July 30th total of 36,249 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average trading volume of 17,493 shares, the days-to-cover ratio is currently 4.3 days.

First Trust Mid Cap Growth AlphaDEX Fund Trading Down 2.3%

Shares of NASDAQ:FNY traded down $2.42 during mid-day trading on Friday, reaching $103.00. The stock had a trading volume of 9,482 shares, compared to its average volume of 26,251. The firm has a 50 day simple moving average of $105.50 and a two-hundred day simple moving average of $100.81. First Trust Mid Cap Growth AlphaDEX Fund has a twelve month low of $85.09 and a twelve month high of $111.06. The firm has a market cap of $581.95 million, a PE ratio of 24.50 and a beta of 1.19.

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

Several hedge funds have recently bought and sold shares of FNY. Founders Financial Securities LLC grew its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 8.4% in the 1st quarter. Founders Financial Securities LLC now owns 6,913 shares of the company’s stock valued at $663,000 after buying an additional 534 shares during the period. Worthington Financial Partners LLC acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter worth $1,493,000. MidFirst Bank bought a new position in First Trust Mid Cap Growth AlphaDEX Fund during the fourth quarter worth about $52,000. Northwestern Mutual Wealth Management Co. grew its stake in First Trust Mid Cap Growth AlphaDEX Fund by 9.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 42,282 shares of the company’s stock valued at $3,856,000 after acquiring an additional 3,786 shares during the period. Finally, Empirical Asset Management LLC grew its stake in First Trust Mid Cap Growth AlphaDEX Fund by 64.6% in the fourth quarter. Empirical Asset Management LLC now owns 18,995 shares of the company’s stock valued at $1,732,000 after acquiring an additional 7,454 shares during the period.

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.