First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Short Interest Up 358.0% in August

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 54,500 shares, a growth of 358.0% from the August 15th total of 11,900 shares. Based on an average trading volume of 12,000 shares, the days-to-cover ratio is presently 4.5 days.

First Trust Mid Cap Value AlphaDEX Fund Stock Performance

FNK traded up $1.24 during trading on Friday, reaching $52.98. 20,207 shares of the company traded hands, compared to its average volume of 18,047. First Trust Mid Cap Value AlphaDEX Fund has a 12-month low of $41.61 and a 12-month high of $56.14. The firm has a fifty day simple moving average of $53.01 and a 200 day simple moving average of $52.24. The company has a market cap of $217.24 million, a P/E ratio of 10.86 and a beta of 1.29.

First Trust Mid Cap Value AlphaDEX Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a dividend of $0.212 per share. This represents a $0.85 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Thursday, June 27th.

Institutional Investors Weigh In On First Trust Mid Cap Value AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the stock. Total Investment Management Inc. boosted its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 0.7% during the 2nd quarter. Total Investment Management Inc. now owns 1,311,582 shares of the company’s stock valued at $66,953,000 after acquiring an additional 8,555 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 5.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 87,154 shares of the company’s stock valued at $4,445,000 after acquiring an additional 4,469 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 1.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 58,053 shares of the company’s stock valued at $3,143,000 after acquiring an additional 720 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 6.8% during the 1st quarter. Kingsview Wealth Management LLC now owns 57,991 shares of the company’s stock valued at $3,140,000 after acquiring an additional 3,705 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 4.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 38,643 shares of the company’s stock valued at $1,973,000 after acquiring an additional 1,736 shares during the last quarter.

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.