First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Sees Significant Decline in Short Interest

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 25,600 shares, a decrease of 7.6% from the December 15th total of 27,700 shares. Based on an average trading volume of 14,500 shares, the days-to-cover ratio is currently 1.8 days.

First Trust Mid Cap Value AlphaDEX Fund Stock Up 0.3 %

FNK stock traded up $0.18 during midday trading on Monday, reaching $55.33. The company had a trading volume of 5,147 shares, compared to its average volume of 46,113. The firm has a market capitalization of $235.15 million, a PE ratio of 10.86 and a beta of 1.29. The stock has a 50 day moving average price of $55.18 and a 200 day moving average price of $54.08. First Trust Mid Cap Value AlphaDEX Fund has a fifty-two week low of $48.38 and a fifty-two week high of $58.52.

First Trust Mid Cap Value AlphaDEX Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.291 per share. The ex-dividend date of this dividend was Friday, December 13th.

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

Several institutional investors have recently modified their holdings of FNK. GAMMA Investing LLC grew its position in First Trust Mid Cap Value AlphaDEX Fund by 11.5% in the 4th quarter. GAMMA Investing LLC now owns 2,025 shares of the company’s stock worth $108,000 after purchasing an additional 209 shares during the last quarter. Great Valley Advisor Group Inc. acquired a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the third quarter worth approximately $214,000. Jane Street Group LLC bought a new position in First Trust Mid Cap Value AlphaDEX Fund in the 3rd quarter worth approximately $223,000. Moors & Cabot Inc. acquired a new stake in First Trust Mid Cap Value AlphaDEX Fund in the 3rd quarter valued at approximately $235,000. Finally, Daymark Wealth Partners LLC acquired a new stake in First Trust Mid Cap Value AlphaDEX Fund in the 2nd quarter valued at approximately $282,000.

About First Trust Mid Cap Value AlphaDEX Fund

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.