First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Short Interest Update

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 10,180 shares, a growth of 60.7% from the December 31st total of 6,334 shares. Based on an average trading volume of 20,805 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 20,805 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

Shares of NASDAQ:FNX traded down $1.28 during mid-day trading on Friday, reaching $132.41. 17,525 shares of the company’s stock were exchanged, compared to its average volume of 24,941. First Trust Mid Cap Core AlphaDEX Fund has a twelve month low of $93.19 and a twelve month high of $136.77. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 14.19 and a beta of 1.12. The business’s fifty day moving average price is $129.50 and its 200-day moving average price is $125.03.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.3914 dividend. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 12th. This represents a $1.57 dividend on an annualized basis and a dividend yield of 1.2%.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mather Group LLC. acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter valued at approximately $25,000. MTM Investment Management LLC bought a new position in First Trust Mid Cap Core AlphaDEX Fund during the second quarter worth $28,000. Atlantic Union Bankshares Corp acquired a new position in First Trust Mid Cap Core AlphaDEX Fund in the second quarter valued at $44,000. Blair William & Co. IL bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the second quarter valued at $47,000. Finally, Russell Investments Group Ltd. grew its holdings in First Trust Mid Cap Core AlphaDEX Fund by 5,077.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 466 shares of the company’s stock worth $58,000 after acquiring an additional 457 shares during the period.

About First Trust Mid Cap Core AlphaDEX Fund

The First Trust Mid Cap Core AlphaDEX Fund (FNX) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Core index. The fund tracks a tiered equal-weighted index of US mid-cap equities selected using both growth and value screens. FNX was launched on May 8, 2007 and is managed by First Trust.