Short Interest in First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Increases By 1,931.3%

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 32,500 shares, a growth of 1,931.3% from the March 31st total of 1,600 shares. Based on an average daily volume of 31,400 shares, the short-interest ratio is currently 1.0 days.

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

Several hedge funds have recently bought and sold shares of the stock. Bellevue Asset Management LLC lifted its position in First Trust Mid Cap Core AlphaDEX Fund by 3.6% during the first quarter. Bellevue Asset Management LLC now owns 70,732 shares of the company’s stock worth $8,019,000 after acquiring an additional 2,428 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in First Trust Mid Cap Core AlphaDEX Fund by 1.4% during the first quarter. Chicago Partners Investment Group LLC now owns 58,272 shares of the company’s stock worth $6,292,000 after acquiring an additional 805 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in First Trust Mid Cap Core AlphaDEX Fund by 4.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 77,099 shares of the company’s stock worth $8,741,000 after acquiring an additional 3,485 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in First Trust Mid Cap Core AlphaDEX Fund by 1.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 300,782 shares of the company’s stock worth $34,100,000 after acquiring an additional 3,309 shares during the last quarter. Finally, American Institute for Advanced Investment Management LLP lifted its position in 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 acquiring an additional 627 shares during the last quarter.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

Shares of NASDAQ:FNX opened at $107.83 on Friday. The company has a 50-day simple moving average of $108.49 and a 200 day simple moving average of $101.17. The company has a market capitalization of $1.15 billion, a P/E ratio of 12.73 and a beta of 1.20. First Trust Mid Cap Core AlphaDEX Fund has a 52-week low of $85.01 and a 52-week high of $113.75.

First Trust Mid Cap Core AlphaDEX Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a dividend of $0.1685 per share. The ex-dividend date of this dividend was Thursday, March 21st.

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.