Short Interest in First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Grows By 68.5%

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 36,701 shares, a growth of 68.5% from the February 26th total of 21,775 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 32,008 shares, the days-to-cover ratio is currently 1.1 days.

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

Institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. raised its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 196.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 17,112 shares of the company’s stock worth $2,156,000 after buying an additional 11,342 shares in the last quarter. Rubicon Advisors GP acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter valued at $297,000. MidFirst Bank bought a new stake in First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter valued at $92,000. Catalyst Investment Management LLC acquired a new position in First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter worth $803,000. Finally, NewEdge Advisors LLC raised its stake in First Trust Mid Cap Core AlphaDEX Fund by 42.0% during the fourth quarter. NewEdge Advisors LLC now owns 10,716 shares of the company’s stock worth $1,350,000 after acquiring an additional 3,168 shares in the last quarter.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

Shares of NASDAQ:FNX traded down $1.75 during midday trading on Friday, reaching $125.96. 36,331 shares of the company’s stock were exchanged, compared to its average volume of 31,111. The company’s 50 day simple moving average is $133.02 and its two-hundred day simple moving average is $128.49. The firm has a market capitalization of $1.18 billion, a PE ratio of 14.19 and a beta of 1.12. First Trust Mid Cap Core AlphaDEX Fund has a 12 month low of $93.19 and a 12 month high of $138.71.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be given a $0.3141 dividend. This represents a $1.26 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, March 26th.

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.