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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 10,900 shares, a drop of 51.3% from the June 15th total of 22,383 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 21,276 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

Shares of FNX stock traded up $0.56 during midday trading on Wednesday, hitting $142.97. 11,097 shares of the company were exchanged, compared to its average volume of 26,081. First Trust Mid Cap Core AlphaDEX Fund has a 52 week low of $113.65 and a 52 week high of $146.75. The firm has a market capitalization of $1.38 billion, a P/E ratio of 14.19 and a beta of 1.05. The firm’s 50 day moving average price is $141.19 and its two-hundred day moving average price is $135.79.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.266 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.06 annualized dividend and a yield of 0.7%.

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

A number of institutional investors have recently made changes to their positions in FNX. Ascentis Independent Advisors bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the first quarter worth approximately $31,000. Russell Investments Group Ltd. boosted its stake in First Trust Mid Cap Core AlphaDEX Fund by 5,077.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 466 shares of the company’s stock valued at $58,000 after purchasing an additional 457 shares during the period. MidFirst Bank bought a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter valued at $92,000. Parallel Advisors LLC grew its holdings in First Trust Mid Cap Core AlphaDEX Fund by 942.6% in the 1st quarter. Parallel Advisors LLC now owns 1,053 shares of the company’s stock valued at $135,000 after buying an additional 952 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in First Trust Mid Cap Core AlphaDEX Fund in the 3rd quarter valued at $136,000.

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.