First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK – Get Rating) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 29,500 shares, an increase of 23.9% from the May 15th total of 23,800 shares. Based on an average daily trading volume, of 25,800 shares, the short-interest ratio is currently 1.1 days.
Shares of FNK stock opened at $39.47 on Friday. First Trust Mid Cap Value AlphaDEX Fund has a 1 year low of $39.33 and a 1 year high of $48.87. The stock’s 50 day simple moving average is $44.72 and its two-hundred day simple moving average is $45.73.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Monday, March 28th were issued a $0.127 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Friday, March 25th.
A number of large investors have recently added to or reduced their stakes in FNK. Citadel Advisors LLC bought a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the 2nd quarter worth about $353,000. Morgan Stanley raised its position in First Trust Mid Cap Value AlphaDEX Fund by 50.2% in the 2nd quarter. Morgan Stanley now owns 609,277 shares of the company’s stock worth $27,078,000 after purchasing an additional 203,589 shares during the period. Royal Bank of Canada lifted its stake in First Trust Mid Cap Value AlphaDEX Fund by 6.0% in the third quarter. Royal Bank of Canada now owns 23,156 shares of the company’s stock worth $1,025,000 after purchasing an additional 1,319 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the third quarter valued at approximately $1,724,000. Finally, UBS Group AG grew its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 15.8% during the third quarter. UBS Group AG now owns 99,563 shares of the company’s stock valued at $4,407,000 after buying an additional 13,568 shares during the last quarter.
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