First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Significant Decline in Short Interest

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 22,383 shares, a decline of 43.7% from the May 31st total of 39,743 shares. Based on an average trading volume of 17,335 shares, the short-interest ratio is currently 1.3 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On First Trust Mid Cap Core AlphaDEX Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 1,910.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,392,336 shares of the company’s stock worth $175,406,000 after purchasing an additional 1,323,065 shares during the last quarter. Morgan Stanley grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 0.5% in the 4th quarter. Morgan Stanley now owns 1,050,519 shares of the company’s stock valued at $132,340,000 after acquiring an additional 5,458 shares during the period. LPL Financial LLC increased its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 5.5% during the 4th quarter. LPL Financial LLC now owns 934,661 shares of the company’s stock worth $117,744,000 after purchasing an additional 48,416 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 1.9% in the 4th quarter. Wells Fargo & Company MN now owns 679,379 shares of the company’s stock valued at $85,585,000 after purchasing an additional 12,936 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 4.8% in the 1st quarter. Royal Bank of Canada now owns 273,951 shares of the company’s stock valued at $35,132,000 after purchasing an additional 12,540 shares during the period.

First Trust Mid Cap Core AlphaDEX Fund Trading Down 1.4%

Shares of NASDAQ:FNX traded down $1.98 during mid-day trading on Thursday, reaching $142.99. The stock had a trading volume of 13,447 shares, compared to its average volume of 26,642. The firm has a market cap of $1.39 billion, a PE ratio of 14.19 and a beta of 1.05. The firm has a 50 day simple moving average of $140.24 and a two-hundred day simple moving average of $134.82. First Trust Mid Cap Core AlphaDEX Fund has a twelve month low of $113.65 and a twelve month high of $146.75.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.266 dividend. This represents a $1.06 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, June 25th.

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.