First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Short Interest Up 87.3% in March

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 102,887 shares, an increase of 87.3% from the March 15th total of 54,928 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily volume of 33,211 shares, the short-interest ratio is currently 3.1 days.

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

A number of large investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. raised its stake in First Trust Mid Cap Growth AlphaDEX Fund by 33.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,681 shares of the company’s stock worth $518,000 after purchasing an additional 1,408 shares during the period. Worthington Financial Partners LLC purchased a new position in First Trust Mid Cap Growth AlphaDEX Fund during the fourth quarter worth approximately $1,493,000. MidFirst Bank purchased a new position in First Trust Mid Cap Growth AlphaDEX Fund during the fourth quarter worth approximately $52,000. NewEdge Advisors LLC raised its stake in First Trust Mid Cap Growth AlphaDEX Fund by 7.7% during the fourth quarter. NewEdge Advisors LLC now owns 279,644 shares of the company’s stock worth $25,502,000 after purchasing an additional 19,928 shares during the period. Finally, IHT Wealth Management LLC raised its stake in First Trust Mid Cap Growth AlphaDEX Fund by 1,876.0% during the fourth quarter. IHT Wealth Management LLC now owns 55,783 shares of the company’s stock worth $5,087,000 after purchasing an additional 52,960 shares during the period.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

NASDAQ:FNY opened at $95.40 on Monday. The company has a market cap of $643.95 million, a P/E ratio of 24.50 and a beta of 1.20. First Trust Mid Cap Growth AlphaDEX Fund has a fifty-two week low of $68.29 and a fifty-two week high of $99.44. The firm’s 50 day moving average is $94.03 and its two-hundred day moving average is $93.33.

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.