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 in the month of July. As of July 31st, there was short interest totaling 29,161 shares, a growth of 81.1% from the July 15th total of 16,102 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 10,904 shares, the short-interest ratio is currently 2.7 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in First Trust Mid Cap Core AlphaDEX Fund by 1,910.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,392,336 shares of the company’s stock worth $175,406,000 after acquiring an additional 1,323,065 shares during the last quarter. Bank of America Corp DE raised its stake 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 valued at $26,362,000 after acquiring an additional 74,594 shares during the last quarter. Perryman Financial Advisory Inc. AD purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter worth about $8,838,000. LPL Financial LLC grew its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 5.5% in the fourth quarter. LPL Financial LLC now owns 934,661 shares of the company’s stock worth $117,744,000 after purchasing an additional 48,416 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in First Trust Mid Cap Core AlphaDEX Fund by 1,359.9% during the 1st quarter. First Trust Advisors LP now owns 32,527 shares of the company’s stock valued at $4,171,000 after purchasing an additional 30,299 shares during the period.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 0.4%

FNX stock traded up $0.64 during midday trading on Friday, hitting $147.91. The company had a trading volume of 9,579 shares, compared to its average volume of 23,993. First Trust Mid Cap Core AlphaDEX Fund has a 52 week low of $117.48 and a 52 week high of $147.98. The stock’s 50 day moving average price is $143.92 and its 200 day moving average price is $137.94. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 14.19 and a beta of 1.06.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

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

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.