First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY – Get Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 36,249 shares, a drop of 39.6% from the July 15th total of 60,036 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 23,324 shares, the days-to-cover ratio is currently 1.6 days.
First Trust Mid Cap Growth AlphaDEX Fund Stock Up 0.2%
NASDAQ FNY opened at $105.62 on Thursday. The company’s 50 day moving average is $105.81 and its 200-day moving average is $100.39. First Trust Mid Cap Growth AlphaDEX Fund has a 12-month low of $83.42 and a 12-month high of $111.06. The firm has a market cap of $596.75 million, a P/E ratio of 24.50 and a beta of 1.19.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of FNY. Integrated Wealth Concepts LLC bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the 1st quarter valued at $403,000. Jones Financial Companies Lllp boosted its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 62.2% in the first quarter. Jones Financial Companies Lllp now owns 5,098 shares of the company’s stock worth $354,000 after acquiring an additional 1,955 shares during the period. Goldman Sachs Group Inc. grew its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 5.6% in the first quarter. Goldman Sachs Group Inc. now owns 52,795 shares of the company’s stock valued at $3,953,000 after purchasing an additional 2,795 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 1st quarter valued at $362,000. Finally, JPMorgan Chase & Co. lifted its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 102.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,131 shares of the company’s stock worth $341,000 after purchasing an additional 2,092 shares in 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.
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