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 increase in short interest during the month of March. As of March 13th, there was short interest totaling 36,701 shares, an increase of 68.5% from the February 26th total of 21,775 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 32,008 shares, the short-interest ratio is currently 1.1 days.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

First Trust Mid Cap Core AlphaDEX Fund stock traded down $1.75 during mid-day trading on Friday, reaching $125.96. 36,331 shares of the stock traded hands, compared to its average volume of 31,111. First Trust Mid Cap Core AlphaDEX Fund has a 12-month low of $93.19 and a 12-month high of $138.71. The business’s 50-day moving average is $133.02 and its 200-day moving average is $128.52. The stock has a market capitalization of $1.18 billion, a PE ratio of 14.19 and a beta of 1.12.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be paid a dividend of $0.3141 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, March 26th.

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

Institutional investors have recently made changes to their positions in the business. Mather Group LLC. bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the third quarter valued at approximately $25,000. Russell Investments Group Ltd. raised its position in First Trust Mid Cap Core AlphaDEX Fund by 5,077.8% in the third 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. MidFirst Bank bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter worth approximately $92,000. Advisory Services Network LLC purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter worth $136,000. Finally, Arax Advisory Partners purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter worth $139,000.

First Trust Mid Cap Core AlphaDEX Fund Company Profile

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.