Short Interest in First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Increases By 262.7%

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 35,941 shares, an increase of 262.7% from the April 30th total of 9,909 shares. Based on an average daily trading volume, of 18,919 shares, the short-interest ratio is currently 1.9 days. Currently, 0.4% of the shares of the stock are sold short.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC grew its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 2.4% during the first quarter. Western Wealth Management LLC now owns 37,693 shares of the company’s stock worth $4,834,000 after buying an additional 873 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 57.0% in the first quarter. Bank of America Corp DE now owns 205,567 shares of the company’s stock worth $26,362,000 after buying an additional 74,594 shares in the last quarter. Royal Bank of Canada boosted its position in First Trust Mid Cap Core AlphaDEX Fund by 4.8% during the first quarter. Royal Bank of Canada now owns 273,951 shares of the company’s stock worth $35,132,000 after acquiring an additional 12,540 shares during the last quarter. Cetera Investment Advisers boosted its position in First Trust Mid Cap Core AlphaDEX Fund by 1.2% during the first quarter. Cetera Investment Advisers now owns 198,133 shares of the company’s stock worth $25,409,000 after acquiring an additional 2,319 shares during the last quarter. Finally, First Trust Advisors LP grew its stake 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 acquiring an additional 30,299 shares in the last quarter.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 0.7%

Shares of NASDAQ FNX traded down $0.94 during midday trading on Friday, hitting $140.66. The stock had a trading volume of 8,873 shares, compared to its average volume of 28,226. The company has a market capitalization of $1.35 billion, a PE ratio of 14.19 and a beta of 1.07. The stock has a 50 day simple moving average of $134.55 and a 200-day simple moving average of $131.73. First Trust Mid Cap Core AlphaDEX Fund has a 1 year low of $109.62 and a 1 year high of $142.03.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.3141 dividend. This represents a $1.26 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

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.