First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Short Interest Up 12.8% in September

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 29,100 shares, an increase of 12.8% from the August 31st total of 25,800 shares. Based on an average daily volume of 26,800 shares, the days-to-cover ratio is presently 1.1 days.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

Shares of FNX opened at $117.15 on Tuesday. The company has a 50-day simple moving average of $113.26 and a 200-day simple moving average of $110.86. First Trust Mid Cap Core AlphaDEX Fund has a 52 week low of $85.01 and a 52 week high of $117.85. The firm has a market capitalization of $1.24 billion, a P/E ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.4808 dividend. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.92 annualized dividend and a yield of 1.64%.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Several institutional investors have recently modified their holdings of FNX. LPL Financial LLC lifted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 1.3% during the 2nd quarter. LPL Financial LLC now owns 860,681 shares of the company’s stock worth $93,407,000 after acquiring an additional 11,453 shares during the period. Kestra Advisory Services LLC boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 16.0% during the first quarter. Kestra Advisory Services LLC now owns 345,678 shares of the company’s stock valued at $39,190,000 after purchasing an additional 47,752 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 0.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 301,936 shares of the company’s stock valued at $32,768,000 after purchasing an additional 1,154 shares during the period. Raymond James & Associates raised its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 10.0% in the 2nd quarter. Raymond James & Associates now owns 229,668 shares of the company’s stock worth $24,925,000 after buying an additional 20,815 shares in the last quarter. Finally, Kaydan Wealth Management Inc. lifted its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 1,353.6% during the 1st quarter. Kaydan Wealth Management Inc. now owns 211,293 shares of the company’s stock worth $23,954,000 after buying an additional 196,757 shares during the period.

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.