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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the target 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. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 20,805 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 20,805 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

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

A number of institutional investors and hedge funds have recently modified their holdings of FNX. Three Cord True Wealth Management LLC grew its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 5.0% during the 2nd quarter. Three Cord True Wealth Management LLC now owns 116,858 shares of the company’s stock worth $13,421,000 after purchasing an additional 5,532 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in First Trust Mid Cap Core AlphaDEX Fund by 6.5% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 6,881 shares of the company’s stock valued at $790,000 after purchasing an additional 418 shares in the last quarter. FSM Wealth Advisors LLC acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the second quarter valued at about $2,488,000. BKM Wealth Management LLC grew its stake in First Trust Mid Cap Core AlphaDEX Fund by 7.5% during the 2nd quarter. BKM Wealth Management LLC now owns 1,942 shares of the company’s stock valued at $223,000 after purchasing an additional 136 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 7.5% during the second quarter. Stratos Wealth Partners LTD. now owns 41,409 shares of the company’s stock worth $4,756,000 after buying an additional 2,878 shares in the last quarter.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 1.0%

FNX traded down $1.28 during trading on Friday, hitting $132.41. 17,525 shares of the stock were exchanged, compared to its average volume of 24,941. The stock has a fifty day moving average price of $129.50 and a two-hundred day moving average price of $124.91. First Trust Mid Cap Core AlphaDEX Fund has a 1-year low of $93.19 and a 1-year high of $136.77. The firm has a market capitalization of $1.24 billion, a P/E ratio of 14.19 and a beta of 1.12.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

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

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.