Significant Increase in Short Interest for First Trust Mid Cap Growth AlphaDEX Fund

The First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw a substantial rise in short interest in December. By December 31, the total short interest reached 67,400 shares, marking a significant increase of 91.5% from the 35,200 shares reported on December 15. With an average trading volume of 13,800 shares, the current days-to-cover ratio stands at 4.9 days.

Institutional Investors Show Interest in FNY

Recently, several large institutional investors have made moves regarding First Trust Mid Cap Growth AlphaDEX Fund. Zions Bancorporation N.A. established a new stake in the fund during the second quarter, acquiring shares worth $132,000. In the third quarter, Arete Wealth Advisors LLC also took a new position, valued at $210,000. Furthermore, Gateway Wealth Partners LLC purchased a new stake worth $236,000 in the second quarter, while Nations Financial Group Inc. IA ADV made an investment in the third quarter amounting to $243,000. Lastly, Sanctuary Advisors LLC invested $338,000 in FNY during the second quarter.

FNY Stock Performance

On a recent trading day, shares of NASDAQ FNY rose by 1.5%, reaching a price of $81.39. The trading volume for this day was 34,727 shares, surpassing the average volume of 22,478. The stock has a yearly range, with a low of $65.28 and a high of $88.74. Currently, First Trust Mid Cap Growth AlphaDEX Fund holds a market capitalization of $382.53 million, a price-to-earnings ratio of 17.61, and a beta of 1.13. The fund's 50-day simple moving average is $83.92, while the 200-day simple moving average is $79.39.

Dividend Announcement

The First Trust Mid Cap Growth AlphaDEX Fund recently announced a dividend payment made to shareholders on December 31. A dividend of $0.1415 per share was paid to those who were recorded as shareholders on December 13, with the ex-dividend date also set for December 13.

About First Trust Mid Cap Growth AlphaDEX Fund

The First Trust Mid Cap Growth AlphaDEX Fund (FNY) serves as an exchange-traded fund (ETF) which is based on the NASDAQ AlphaDEX Mid Cap Growth index. The fund utilizes the AlphaDex selection methodology to track mid-cap growth stocks selected from the S&P 400 Index. First Trust launched FNY on April 18, 2011, and manages it actively.

SHARES, INVESTORS, STOCKS