Short Interest in First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Decreases By 30.8%

The First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) experienced a notable drop in short interest during March. As of March 15th, the total short interest was 11,700 shares, which reflects a decrease of 30.8% from the previous total of 16,900 shares recorded on February 28th. This indicates that approximately 0.3% of the company's shares are currently being short sold. Given the average daily trading volume of 20,500 shares, the short-interest ratio stands at 0.6 days, suggesting a modest level of trading activity related to short positions.

Institutional Inflows and Outflows

In recent months, institutional investors have made notable adjustments to their positions in FNK. For instance, Benjamin Edwards Inc. increased its stake in the First Trust Mid Cap Value AlphaDEX Fund by 0.6% during the fourth quarter, bringing its total holdings to 32,955 shares with a value of $1,764,000 after purchasing an additional 188 shares. Similarly, GAMMA Investing LLC raised its stake by 11.5%, now owning 2,025 shares worth $108,000 following the acquisition of 209 additional shares.

Wells Fargo & Company MN also expanded its holdings by 0.3% during the fourth quarter, now holding 248,621 shares valued at $13,304,000 after acquiring 689 more shares. Additionally, Oarsman Capital Inc. made a new investment in FNK with a stake valued at $63,000 in the fourth quarter, while Commonwealth Equity Services LLC increased its position by 3.7% to own 40,258 shares worth $2,154,000 after securing 1,424 additional shares.

First Trust Mid Cap Value AlphaDEX Fund Price Performance

On Friday, FNK stock saw a decline of $0.95, trading at $50.15. The trading volume for the day was 4,465 shares, in contrast to its average trading volume of 14,350. The company's fifty-day moving average price is currently at $52.87, and the 200-day moving average price stands at $54.03. Over the past year, FNK has reached a low of $48.71 and a high of $58.52, with a market capitalization of $210.63 million. The stock has a price-to-earnings (P/E) ratio of 11.26 and a beta of 1.29, indicating a moderate level of risk in relation to market movements.

First Trust Mid Cap Value AlphaDEX Fund Declares Dividend

The fund also announced a quarterly dividend, set to be paid on March 31st. Shareholders on record as of March 27th will receive a dividend of $0.1746 per share, with the ex-dividend date falling on March 27th. This amounts to an annualized dividend of $0.70, representing a yield of 1.39%.

About First Trust Mid Cap Value AlphaDEX Fund

The First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund tracking the NASDAQ AlphaDEX Mid Cap Value index. This fund is designed to select mid-cap value stocks using quantitative methodology and applies an equal-weighted scheme across various stocks. Launched on April 18, 2011, FNK is managed by First Trust, a prominent investment firm.

short, interest, investment