First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Large Growth in Short Interest

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the recipient of a significant 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 volume of 19,400 shares, the short-interest ratio is presently 2.2 days.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the second quarter valued at $101,000. Larson Financial Group LLC grew its position in First Trust Mid Cap Core AlphaDEX Fund by 911.8% during the second quarter. Larson Financial Group LLC now owns 1,032 shares of the company’s stock valued at $112,000 after buying an additional 930 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the second quarter valued at $177,000. International Assets Investment Management LLC acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the second quarter valued at $193,000. Finally, Schrum Private Wealth Management LLC acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the third quarter valued at $249,000.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

Shares of First Trust Mid Cap Core AlphaDEX Fund stock traded up $0.37 during trading on Friday, hitting $126.37. 3,676 shares of the company’s stock were exchanged, compared to its average volume of 25,987. The business has a 50-day simple moving average of $119.07 and a 200-day simple moving average of $113.89. First Trust Mid Cap Core AlphaDEX Fund has a 52-week low of $93.99 and a 52-week high of $127.98. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.4808 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Thursday, September 26th. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44.

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.