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

by · The Cerbat Gem

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 10,100 shares, a decrease of 60.5% from the September 30th total of 25,600 shares. Based on an average daily volume of 19,900 shares, the short-interest ratio is presently 0.5 days.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

NASDAQ:FNX traded up $1.00 on Monday, reaching $117.11. 7,754 shares of the company’s stock were exchanged, compared to its average volume of 26,815. The stock has a fifty day simple moving average of $115.33 and a 200-day simple moving average of $111.68. First Trust Mid Cap Core AlphaDEX Fund has a 52 week low of $85.01 and a 52 week high of $120.05. The firm has a market cap of $1.26 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 disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.4808 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.64%. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Thursday, September 26th.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of FNX. GAMMA Investing LLC purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter valued at $101,000. Larson Financial Group LLC grew its position in First Trust Mid Cap Core AlphaDEX Fund by 911.8% during the second quarter. Larson Financial Group LLC now owns 1,032 shares of the company’s stock worth $112,000 after buying an additional 930 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter worth about $177,000. International Assets Investment Management LLC purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter valued at about $193,000. Finally, Coppell Advisory Solutions Corp. bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the 1st quarter valued at about $250,000.

First Trust Mid Cap Core AlphaDEX Fund Company Profile

(Get Free Report)

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.

Read More