Short Interest in First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Declines By 60.5%

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 10,100 shares, a decrease of 60.5% from the September 30th total of 25,600 shares. Based on an average daily trading volume, of 19,900 shares, the days-to-cover ratio is currently 0.5 days.

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

Several large investors have recently bought and sold shares of the company. Priebe Wealth Holdings LLC grew its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 10.0% during the second quarter. Priebe Wealth Holdings LLC now owns 28,830 shares of the company’s stock worth $3,129,000 after buying an additional 2,630 shares in the last quarter. GAMMA Investing LLC acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter valued at about $101,000. Cetera Investment Advisers lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 47.9% in the 1st quarter. Cetera Investment Advisers now owns 138,989 shares of the company’s stock worth $15,757,000 after purchasing an additional 44,985 shares in the last quarter. Atria Investments Inc increased its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 55.3% in the first quarter. Atria Investments Inc now owns 39,379 shares of the company’s stock valued at $4,464,000 after purchasing an additional 14,029 shares during the last quarter. Finally, Cetera Advisors LLC increased its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 311.4% in the first quarter. Cetera Advisors LLC now owns 100,450 shares of the company’s stock valued at $11,388,000 after purchasing an additional 76,033 shares during the last quarter.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 0.9 %

NASDAQ:FNX traded up $1.00 during trading hours on Monday, reaching $117.11. 7,754 shares of the company were exchanged, compared to its average volume of 26,815. The firm has a market cap of $1.26 billion, a PE ratio of 13.43 and a beta of 1.20. First Trust Mid Cap Core AlphaDEX Fund has a twelve month low of $85.01 and a twelve month high of $120.05. The stock’s 50-day moving average is $115.33 and its 200-day moving average is $111.68.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The business also recently declared 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 positive change 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 1.64%.

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.