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 drop in short interest in the month of March. As of March 31st, there was short interest totalling 11,400 shares, a drop of 17.4% from the March 15th total of 13,800 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 36,700 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FNX. FMR LLC raised its holdings in First Trust Mid Cap Core AlphaDEX Fund by 8.4% during the third quarter. FMR LLC now owns 2,648 shares of the company’s stock worth $310,000 after purchasing an additional 205 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 6.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 56,319 shares of the company’s stock worth $6,558,000 after buying an additional 3,215 shares during the last quarter. Priebe Wealth Holdings LLC boosted its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 5.2% in the 4th quarter. Priebe Wealth Holdings LLC now owns 32,404 shares of the company’s stock worth $3,750,000 after buying an additional 1,608 shares in the last quarter. Pure Financial Advisors LLC purchased a new position in First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter valued at about $239,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter worth about $221,000.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

NASDAQ:FNX traded down $2.32 during trading hours on Monday, hitting $98.82. The company’s stock had a trading volume of 47,688 shares, compared to its average volume of 36,869. First Trust Mid Cap Core AlphaDEX Fund has a 52-week low of $93.19 and a 52-week high of $127.98. The business’s 50-day moving average is $108.98 and its two-hundred day moving average is $115.91. The company has a market capitalization of $993.14 million, a PE ratio of 13.42 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.2561 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Thursday, March 27th.

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.