First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Short Interest Up 29.1% in May

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 31,900 shares, an increase of 29.1% from the May 15th total of 24,700 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 22,800 shares, the days-to-cover ratio is presently 1.4 days.

First Trust Mid Cap Growth AlphaDEX Fund Stock Up 0.6%

Shares of NASDAQ FNY opened at $80.14 on Thursday. The firm’s 50-day moving average price is $76.85 and its 200-day moving average price is $79.13. First Trust Mid Cap Growth AlphaDEX Fund has a 52-week low of $64.52 and a 52-week high of $88.74. The company has a market cap of $376.66 million, a PE ratio of 23.90 and a beta of 1.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 9.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,251 shares of the company’s stock worth $169,000 after acquiring an additional 188 shares during the last quarter. Jane Street Group LLC purchased a new position in First Trust Mid Cap Growth AlphaDEX Fund during the first quarter valued at $362,000. Goldman Sachs Group Inc. grew its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 5.6% during the first quarter. Goldman Sachs Group Inc. now owns 52,795 shares of the company’s stock valued at $3,953,000 after purchasing an additional 2,795 shares during the period. Jones Financial Companies Lllp increased its position in First Trust Mid Cap Growth AlphaDEX Fund by 62.2% in the first quarter. Jones Financial Companies Lllp now owns 5,098 shares of the company’s stock worth $354,000 after buying an additional 1,955 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the first quarter worth about $403,000.

First Trust Mid Cap Growth AlphaDEX Fund Company Profile

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.