Short Interest in First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Expands By 491.8%

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 43,200 shares, an increase of 491.8% from the October 31st total of 7,300 shares. Based on an average daily trading volume, of 19,400 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Several large investors have recently bought and sold shares of the stock. LPL Financial LLC increased its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 4.9% in the third quarter. LPL Financial LLC now owns 902,719 shares of the company’s stock valued at $105,753,000 after purchasing an additional 42,038 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in First Trust Mid Cap Core AlphaDEX Fund by 0.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 301,936 shares of the company’s stock worth $32,768,000 after buying an additional 1,154 shares during the period. Raymond James & Associates increased its holdings in First Trust Mid Cap Core AlphaDEX Fund by 10.0% in the 2nd quarter. Raymond James & Associates now owns 229,668 shares of the company’s stock worth $24,925,000 after buying an additional 20,815 shares during the period. National Bank of Canada FI raised its position in First Trust Mid Cap Core AlphaDEX Fund by 9,554.2% during the 3rd quarter. National Bank of Canada FI now owns 191,926 shares of the company’s stock worth $22,484,000 after buying an additional 189,938 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 10,294.5% during the 3rd quarter. International Assets Investment Management LLC now owns 184,607 shares of the company’s stock valued at $21,627,000 after acquiring an additional 182,831 shares during the period.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

First Trust Mid Cap Core AlphaDEX Fund stock traded down $0.13 during midday trading on Wednesday, reaching $126.00. The company’s stock had a trading volume of 7,856 shares, compared to its average volume of 26,085. The stock has a market capitalization of $1.35 billion, a P/E ratio of 13.43 and a beta of 1.20. The stock’s 50-day simple moving average is $118.69 and its 200-day simple moving average is $113.72. First Trust Mid Cap Core AlphaDEX Fund has a 52-week low of $92.81 and a 52-week high of $127.98.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.4808 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a yield of 1.53%.

About First Trust Mid Cap Core AlphaDEX Fund

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.