Short Interest in First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Grows By 26.6%

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 13,800 shares, a growth of 26.6% from the February 28th total of 10,900 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 31,200 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC increased its stake in First Trust Mid Cap Core AlphaDEX Fund by 19.0% in the fourth quarter. Global Retirement Partners LLC now owns 953 shares of the company’s stock worth $110,000 after purchasing an additional 152 shares during the period. Rathbones Group PLC boosted its position in First Trust Mid Cap Core AlphaDEX Fund by 3.5% in the 4th quarter. Rathbones Group PLC now owns 5,431 shares of the company’s stock valued at $628,000 after buying an additional 185 shares during the period. Comerica Bank grew its stake in First Trust Mid Cap Core AlphaDEX Fund by 1.0% in the 4th quarter. Comerica Bank now owns 18,924 shares of the company’s stock worth $2,190,000 after acquiring an additional 189 shares in the last quarter. FMR LLC boosted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 8.4% in the third quarter. FMR LLC now owns 2,648 shares of the company’s stock valued at $310,000 after purchasing an additional 205 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter worth approximately $31,000.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 0.5 %

NASDAQ FNX traded up $0.53 during trading hours on Tuesday, hitting $109.51. 5,596 shares of the company were exchanged, compared to its average volume of 32,184. First Trust Mid Cap Core AlphaDEX Fund has a 52 week low of $104.42 and a 52 week high of $127.98. The stock has a 50-day moving average price of $115.15 and a 200 day moving average price of $117.58. The stock has a market cap of $1.16 billion, a PE ratio of 14.61 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.2561 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 annualized dividend and a yield of 0.94%.

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.