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

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) was the recipient of a large increase in short interest in 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. Approximately 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 38,643 shares, the short-interest ratio is presently 1.9 days. Based on an average daily trading volume, of 38,643 shares, the short-interest ratio is presently 1.9 days. Approximately 1.4% of the company’s shares are sold short.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

Shares of NASDAQ:FNY traded down $1.80 during mid-day trading on Friday, hitting $94.70. The stock had a trading volume of 17,666 shares, compared to its average volume of 31,698. The company’s 50 day moving average is $94.21 and its 200-day moving average is $90.70. First Trust Mid Cap Growth AlphaDEX Fund has a 12-month low of $64.52 and a 12-month high of $99.44. The company has a market cap of $492.44 million, a PE ratio of 24.50 and a beta of 1.18.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 2nd quarter worth about $37,000. Founders Financial Alliance LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter worth about $192,000. Advisory Services Network LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter worth about $192,000. Koshinski Asset Management Inc. bought a new position in First Trust Mid Cap Growth AlphaDEX Fund during the second quarter worth about $208,000. Finally, Brookwood Investment Group LLC acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the third quarter valued at approximately $226,000.

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.