Short Interest in First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Drops By 8.8%

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 10,300 shares, a decrease of 8.8% from the September 15th total of 11,300 shares. Based on an average daily volume of 10,500 shares, the short-interest ratio is presently 1.0 days.

First Trust Mid Cap Value AlphaDEX Fund Stock Up 0.1 %

NASDAQ FNK traded up $0.03 during trading hours on Thursday, reaching $55.15. The company’s stock had a trading volume of 17,512 shares, compared to its average volume of 16,515. First Trust Mid Cap Value AlphaDEX Fund has a 1 year low of $41.61 and a 1 year high of $56.14. The firm’s 50-day moving average price is $53.48 and its 200-day moving average price is $52.60. The company has a market capitalization of $223.36 million, a price-to-earnings ratio of 10.86 and a beta of 1.29.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.2554 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.02 annualized dividend and a yield of 1.85%. This is a boost from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.21.

Institutional Trading of First Trust Mid Cap Value AlphaDEX Fund

Several hedge funds have recently bought and sold shares of the stock. PCG Wealth Advisors LLC purchased a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund during the 1st quarter valued at about $238,000. Commonwealth Equity Services LLC raised its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 4.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 36,907 shares of the company’s stock valued at $1,998,000 after buying an additional 1,505 shares in the last quarter. Kingsview Wealth Management LLC raised 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 buying an additional 3,705 shares in the last quarter. Jaffetilchin Investment Partners LLC purchased a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund during the 1st quarter valued at about $256,000. Finally, Cetera Advisors LLC raised its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 26.9% during the 1st quarter. Cetera Advisors LLC now owns 9,718 shares of the company’s stock valued at $526,000 after buying an additional 2,062 shares in the last quarter.

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.