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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 10,100 shares, a drop of 60.5% from the September 30th total of 25,600 shares. Based on an average trading volume of 19,900 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Institutional investors have recently bought and sold shares of the stock. Kingsview Wealth Management LLC raised its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 3.4% in the first quarter. Kingsview Wealth Management LLC now owns 3,805 shares of the company’s stock worth $431,000 after purchasing an additional 124 shares during the last quarter. Kowal Investment Group LLC lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 2.3% during the 2nd quarter. Kowal Investment Group LLC now owns 6,902 shares of the company’s stock valued at $749,000 after acquiring an additional 155 shares during the period. Truist Financial Corp boosted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 3.7% in the 2nd quarter. Truist Financial Corp now owns 12,887 shares of the company’s stock valued at $1,399,000 after acquiring an additional 455 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 7.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,277 shares of the company’s stock worth $938,000 after acquiring an additional 546 shares during the period. Finally, American Institute for Advanced Investment Management LLP raised its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 8.9% during the first quarter. American Institute for Advanced Investment Management LLP now owns 7,692 shares of the company’s stock worth $872,000 after purchasing an additional 627 shares during the last quarter.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

FNX traded down $0.50 during trading on Friday, hitting $116.11. The stock had a trading volume of 14,629 shares, compared to its average volume of 26,907. The stock has a 50 day simple moving average of $115.33 and a two-hundred day simple moving average of $111.66. First Trust Mid Cap Core AlphaDEX Fund has a twelve month low of $85.01 and a twelve month high of $120.05. The company has a market capitalization of $1.25 billion, a PE 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 quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.4808 per share. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44. The ex-dividend date was Thursday, September 26th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.66%.

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.