First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Short Interest Update

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

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

Shares of FNX traded down $0.50 during trading hours on Friday, hitting $116.11. The stock had a trading volume of 14,629 shares, compared to its average volume of 26,907. The firm has a 50-day moving average price of $115.33 and a 200 day moving average price of $111.66. First Trust Mid Cap Core AlphaDEX Fund has a fifty-two week low of $85.01 and a fifty-two week high of $120.05. The firm has a market capitalization of $1.25 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 company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.4808 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.66%. This is an increase from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44.

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

A number of institutional investors have recently modified their holdings of FNX. Kingsview Wealth Management LLC raised its holdings in First Trust Mid Cap Core AlphaDEX Fund by 3.4% in the 1st quarter. Kingsview Wealth Management LLC now owns 3,805 shares of the company’s stock worth $431,000 after purchasing an additional 124 shares during the period. Kowal Investment Group LLC increased its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 2.3% in the second quarter. Kowal Investment Group LLC now owns 6,902 shares of the company’s stock valued at $749,000 after buying an additional 155 shares in the last quarter. Truist Financial Corp raised its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 3.7% during the 2nd quarter. Truist Financial Corp now owns 12,887 shares of the company’s stock worth $1,399,000 after buying an additional 455 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 7.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,277 shares of the company’s stock valued at $938,000 after buying an additional 546 shares in the last quarter. Finally, American Institute for Advanced Investment Management LLP grew its stake in First Trust Mid Cap Core AlphaDEX Fund by 8.9% in the 1st quarter. American Institute for Advanced Investment Management LLP now owns 7,692 shares of the company’s stock valued at $872,000 after acquiring an additional 627 shares during the period.

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.