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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 6,334 shares, a growth of 142.6% from the December 15th total of 2,611 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 12,564 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 12,564 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds 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 FNX. Mather Group LLC. acquired a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the 3rd quarter valued at $25,000. MTM Investment Management LLC bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the second quarter worth about $28,000. Atlantic Union Bankshares Corp acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter valued at $44,000. Blair William & Co. IL bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter valued at $47,000. Finally, Russell Investments Group Ltd. increased its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 5,077.8% in the third quarter. Russell Investments Group Ltd. now owns 466 shares of the company’s stock valued at $58,000 after buying an additional 457 shares during the period.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

Shares of FNX stock traded down $0.14 during midday trading on Friday, reaching $134.56. 7,704 shares of the company traded hands, compared to its average volume of 19,562. The firm has a market cap of $1.25 billion, a PE ratio of 14.19 and a beta of 1.12. The firm’s 50 day simple moving average is $126.69 and its two-hundred day simple moving average is $123.64. First Trust Mid Cap Core AlphaDEX Fund has a 1-year low of $93.19 and a 1-year high of $135.21.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.3914 dividend. This represents a $1.57 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.19.

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.