First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Short Interest Update

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK – Get Rating) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 13,900 shares, a drop of 67.8% from the March 31st total of 43,200 shares. Based on an average trading volume of 42,300 shares, the short-interest ratio is currently 0.3 days.

A number of large investors have recently bought and sold shares of the stock. Total Investment Management Inc. acquired a new position in First Trust Mid Cap Value AlphaDEX Fund in the fourth quarter valued at approximately $47,965,000. Morgan Stanley boosted its stake in First Trust Mid Cap Value AlphaDEX Fund by 50.2% in the second quarter. Morgan Stanley now owns 609,277 shares of the company’s stock valued at $27,078,000 after acquiring an additional 203,589 shares during the period. Wells Fargo & Company MN boosted its stake in First Trust Mid Cap Value AlphaDEX Fund by 151.8% in the fourth quarter. Wells Fargo & Company MN now owns 204,643 shares of the company’s stock valued at $9,640,000 after acquiring an additional 123,379 shares during the period. LPL Financial LLC boosted its stake in First Trust Mid Cap Value AlphaDEX Fund by 40.5% in the fourth quarter. LPL Financial LLC now owns 187,376 shares of the company’s stock valued at $8,827,000 after acquiring an additional 53,977 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in First Trust Mid Cap Value AlphaDEX Fund by 37.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 147,263 shares of the company’s stock valued at $6,938,000 after acquiring an additional 40,163 shares during the period.

NASDAQ:FNK opened at $44.58 on Thursday. First Trust Mid Cap Value AlphaDEX Fund has a one year low of $42.24 and a one year high of $48.87. The stock has a 50-day simple moving average of $45.93 and a 200 day simple moving average of $46.40.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, March 28th were paid a $0.127 dividend. The ex-dividend date of this dividend was Friday, March 25th. This represents a $0.51 dividend on an annualized basis and a yield of 1.14%.

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