First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX – Get Free Report) 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
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.
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