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