First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Short Interest Update

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 3,900 shares, a drop of 7.1% from the December 15th total of 4,200 shares. Based on an average trading volume of 18,600 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in the stock. Pure Financial Advisors LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter valued at approximately $239,000. Schrum Private Wealth Management LLC purchased a new position in First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter valued at about $249,000. Elios Financial Group Inc. bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the third quarter worth about $272,000. FMR LLC increased its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 8.4% during 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 in the last quarter. Finally, Good Life Advisors LLC bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the third quarter valued at approximately $331,000.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

FNX traded up $0.63 during midday trading on Monday, reaching $120.21. 19,938 shares of the company’s stock traded hands, compared to its average volume of 30,594. First Trust Mid Cap Core AlphaDEX Fund has a 52 week low of $99.68 and a 52 week high of $127.98. The firm has a fifty day moving average of $120.37 and a two-hundred day moving average of $116.42. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.4657 dividend. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous dividend of $0.35. The ex-dividend date was Friday, December 13th.

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.