First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Large Decline in Short Interest

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 22,383 shares, a decline of 43.7% from the May 31st total of 39,743 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 17,335 shares, the short-interest ratio is currently 1.3 days.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

NASDAQ FNX opened at $144.05 on Friday. The stock has a market capitalization of $1.40 billion, a P/E ratio of 14.19 and a beta of 1.05. The firm’s 50-day moving average is $140.37 and its two-hundred day moving average is $134.93. First Trust Mid Cap Core AlphaDEX Fund has a 12 month low of $113.65 and a 12 month high of $146.75.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.266 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

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

A number of hedge funds have recently made changes to their positions in FNX. NewEdge Advisors LLC raised its position in First Trust Mid Cap Core AlphaDEX Fund by 4.1% in the first quarter. NewEdge Advisors LLC now owns 11,156 shares of the company’s stock valued at $1,431,000 after purchasing an additional 440 shares during the period. Western Wealth Management LLC boosted its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 2.4% during the first quarter. Western Wealth Management LLC now owns 37,693 shares of the company’s stock worth $4,834,000 after buying an additional 873 shares during the period. Bank of America Corp DE boosted its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 57.0% during the first quarter. Bank of America Corp DE now owns 205,567 shares of the company’s stock worth $26,362,000 after buying an additional 74,594 shares during the period. Royal Bank of Canada grew its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 4.8% in the first quarter. Royal Bank of Canada now owns 273,951 shares of the company’s stock valued at $35,132,000 after buying an additional 12,540 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 1.2% in the first quarter. Cetera Investment Advisers now owns 198,133 shares of the company’s stock valued at $25,409,000 after buying an additional 2,319 shares in the last quarter.

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.