First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Stock Short Interest Report for October

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) saw a large decrease in short interest in October. As of October 30th, there was short interest totaling 3,537 shares, a decrease of 80.6% from the October 15th total of 18,267 shares. Based on an average trading volume of 5,181 shares, the short-interest ratio is currently 0.7 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust Mid Cap Value AlphaDEX Fund

Several institutional investors have recently bought and sold shares of FNK. Cetera Investment Advisers boosted its position in First Trust Mid Cap Value AlphaDEX Fund by 17.3% during the first quarter. Cetera Investment Advisers now owns 105,572 shares of the company’s stock valued at $6,026,000 after purchasing an additional 15,551 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in First Trust Mid Cap Value AlphaDEX Fund in the third quarter worth about $841,000. Kestra Advisory Services LLC raised its holdings in First Trust Mid Cap Value AlphaDEX Fund by 13.8% in the third quarter. Kestra Advisory Services LLC now owns 10,661 shares of the company’s stock worth $630,000 after purchasing an additional 1,292 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 3.5% during the third quarter. Private Advisor Group LLC now owns 8,560 shares of the company’s stock valued at $506,000 after buying an additional 291 shares during the last quarter. Finally, Benjamin Edwards Inc. purchased a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund during the third quarter valued at about $306,000.

First Trust Mid Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ:FNK traded up $0.21 during trading hours on Friday, hitting $64.49. The company’s stock had a trading volume of 4,184 shares, compared to its average volume of 7,340. First Trust Mid Cap Value AlphaDEX Fund has a 52 week low of $51.98 and a 52 week high of $65.71. The company has a market capitalization of $241.84 million, a price-to-earnings ratio of 11.34 and a beta of 0.97. The firm’s fifty day moving average price is $62.32 and its 200 day moving average price is $60.87.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.2757 per share. The ex-dividend date of this dividend was Thursday, September 24th. This is a positive change from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.1676. This represents a $1.10 annualized dividend and a yield of 1.7%.

First Trust Mid Cap Value AlphaDEX Fund Company Profile

The First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Value index. The fund tracks a mid-cap index that selects value stocks using quant methodology and applies an equal-tiered weighting scheme. FNK was launched on Apr 18, 2011 and is managed by First Trust.