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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 13,800 shares, a growth of 26.6% from the February 28th total of 10,900 shares. Based on an average daily volume of 31,200 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 1.7 %

FNX traded up $1.82 during midday trading on Wednesday, hitting $111.14. 19,452 shares of the company were exchanged, compared to its average volume of 32,328. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 14.61 and a beta of 1.20. The company’s 50 day simple moving average is $114.89 and its 200 day simple moving average is $117.55. First Trust Mid Cap Core AlphaDEX Fund has a 1-year low of $104.42 and a 1-year high of $127.98.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The company also recently declared 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 0.92%. The ex-dividend date of this dividend was Thursday, March 27th.

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

Several hedge funds have recently modified their holdings of FNX. FMR LLC raised its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 8.4% during the 3rd 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. Flow Traders U.S. LLC raised its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 20.4% during the third quarter. Flow Traders U.S. LLC now owns 7,837 shares of the company’s stock valued at $918,000 after acquiring an additional 1,328 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the third quarter worth approximately $7,113,000. IHT Wealth Management LLC increased its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 14.1% during the third quarter. IHT Wealth Management LLC now owns 7,867 shares of the company’s stock worth $920,000 after purchasing an additional 974 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in First Trust Mid Cap Core AlphaDEX Fund by 0.9% in the 3rd quarter. Stifel Financial Corp now owns 88,120 shares of the company’s stock valued at $10,323,000 after purchasing an additional 822 shares during the last quarter.

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.