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

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) was the recipient of a large increase in short interest in 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 stock are short sold. Based on an average daily volume of 17,493 shares, the short-interest ratio is presently 4.3 days.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in FNY. Founders Financial Securities LLC increased its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 8.4% in the first quarter. Founders Financial Securities LLC now owns 6,913 shares of the company’s stock worth $663,000 after purchasing an additional 534 shares in the last quarter. Worthington Financial Partners LLC bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter valued at approximately $1,493,000. MidFirst Bank bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter worth $52,000. Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 9.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 42,282 shares of the company’s stock worth $3,856,000 after buying an additional 3,786 shares during the period. Finally, Empirical Asset Management LLC grew its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 64.6% during the 4th quarter. Empirical Asset Management LLC now owns 18,995 shares of the company’s stock valued at $1,732,000 after buying an additional 7,454 shares in the last quarter.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

Shares of NASDAQ:FNY opened at $103.00 on Friday. The company’s 50-day moving average price is $105.50 and its two-hundred day moving average price is $100.81. The stock has a market capitalization of $581.95 million, a PE ratio of 24.50 and a beta of 1.19. First Trust Mid Cap Growth AlphaDEX Fund has a one year low of $85.09 and a one year high of $111.06.

About First Trust Mid Cap Growth AlphaDEX Fund

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.