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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 35,941 shares, a growth of 262.7% from the April 30th total of 9,909 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 18,919 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

A number of large investors have recently bought and sold shares of FNX. Ascentis Independent Advisors acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 1st quarter worth $31,000. Russell Investments Group Ltd. boosted its stake in First Trust Mid Cap Core AlphaDEX Fund by 5,077.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 466 shares of the company’s stock worth $58,000 after purchasing an additional 457 shares during the period. MidFirst Bank acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter worth $92,000. Parallel Advisors LLC boosted its stake in First Trust Mid Cap Core AlphaDEX Fund by 942.6% during the 1st quarter. Parallel Advisors LLC now owns 1,053 shares of the company’s stock worth $135,000 after purchasing an additional 952 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter worth $136,000.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

Shares of NASDAQ:FNX traded down $1.36 during trading on Friday, hitting $140.24. 16,752 shares of the company were exchanged, compared to its average volume of 28,345. The stock has a market capitalization of $1.35 billion, a P/E ratio of 14.19 and a beta of 1.07. First Trust Mid Cap Core AlphaDEX Fund has a 12-month low of $109.62 and a 12-month high of $142.03. The firm’s 50 day moving average price is $134.80 and its 200-day moving average price is $131.79.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

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