Short Interest in First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Expands By 60.7%

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the recipient of a significant growth in short interest in 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 shares of the company are short sold. Based on an average trading volume of 20,805 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 20,805 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. World Equity Group Inc. raised its position in First Trust Mid Cap Core AlphaDEX Fund by 2.3% in the third quarter. World Equity Group Inc. now owns 3,547 shares of the company’s stock valued at $445,000 after purchasing an additional 79 shares during the period. Rathbones Group PLC lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 2.4% during the 4th quarter. Rathbones Group PLC now owns 5,499 shares of the company’s stock worth $693,000 after buying an additional 128 shares in the last quarter. BKM Wealth Management LLC raised its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 7.5% in the second quarter. BKM Wealth Management LLC now owns 1,942 shares of the company’s stock valued at $223,000 after acquiring an additional 136 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 0.9% in the 4th quarter. Perigon Wealth Management LLC now owns 16,911 shares of the company’s stock valued at $2,130,000 after buying an additional 143 shares during the period. Finally, Centaurus Financial Inc. lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 12.3% in the second quarter. Centaurus Financial Inc. now owns 1,776 shares of the company’s stock worth $204,000 after acquiring an additional 195 shares during the last quarter.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 1.0%

Shares of NASDAQ:FNX traded down $1.28 during trading on Friday, hitting $132.41. 17,525 shares of the stock traded hands, compared to its average volume of 24,941. The company 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 52-week low of $93.19 and a 52-week high of $136.77. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 14.19 and a beta of 1.12.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

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

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.