Short Interest in First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Increases By 262.7%

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 35,941 shares, a growth of 262.7% from the April 30th total of 9,909 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 18,919 shares, the short-interest ratio is currently 1.9 days.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 0.7%

Shares of FNX traded down $0.94 during mid-day trading on Friday, reaching $140.66. The company had a trading volume of 8,873 shares, compared to its average volume of 28,226. The stock has a 50 day moving average of $134.55 and a two-hundred day moving average of $131.73. First Trust Mid Cap Core AlphaDEX Fund has a 52-week low of $109.62 and a 52-week high of $142.03. The stock has a market capitalization of $1.35 billion, a P/E ratio of 14.19 and a beta of 1.07.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.3141 dividend. The ex-dividend date was Thursday, March 26th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.9%.

Institutional Investors Weigh In On First Trust Mid Cap Core AlphaDEX Fund

Several hedge funds have recently modified their holdings of FNX. Thurston Springer Miller Herd & Titak Inc. raised its position in First Trust Mid Cap Core AlphaDEX Fund by 101.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,703 shares of the company’s stock worth $215,000 after acquiring an additional 857 shares during the period. Perigon Wealth Management LLC grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 0.9% in the fourth quarter. Perigon Wealth Management LLC now owns 16,911 shares of the company’s stock valued at $2,130,000 after purchasing an additional 143 shares during the period. First Heartland Consultants Inc. grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 270.8% in the fourth quarter. First Heartland Consultants Inc. now owns 17,416 shares of the company’s stock valued at $2,194,000 after purchasing an additional 12,719 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 1.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,574 shares of the company’s stock worth $2,576,000 after purchasing an additional 279 shares in the last quarter. Finally, Triumph Capital Management purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the third quarter worth about $201,000.

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.