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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 2,300 shares, anincreaseof475.0% from the July 15th total of 400 shares. Based on an average trading volume of 20,900 shares, the short-interest ratio is currently 0.1 days. Approximately0.0% of the company’s stock are sold short. Approximately0.0% of the company’s stock are sold short. Based on an average trading volume of 20,900 shares, the short-interest ratio is currently 0.1 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FNX. Truefg LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter valued at $266,000. Two Sigma Securities LLC purchased a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter worth about $325,000. Baird Financial Group Inc. boosted its stake in First Trust Mid Cap Core AlphaDEX Fund by 7.3% in the 2nd quarter. Baird Financial Group Inc. now owns 176,257 shares of the company’s stock worth $20,243,000 after purchasing an additional 11,955 shares during the period. Solutions 4 Wealth Ltd grew its holdings in First Trust Mid Cap Core AlphaDEX Fund by 4.9% during the 2nd quarter. Solutions 4 Wealth Ltd now owns 22,404 shares of the company’s stock valued at $2,573,000 after buying an additional 1,052 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 18.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 56,553 shares of the company’s stock valued at $6,495,000 after buying an additional 8,805 shares during the period.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

Shares of First Trust Mid Cap Core AlphaDEX Fund stock opened at $119.86 on Friday. The firm has a market cap of $1.16 billion, a PE ratio of 14.19 and a beta of 1.20. First Trust Mid Cap Core AlphaDEX Fund has a 1 year low of $93.19 and a 1 year high of $127.98. The stock has a fifty day moving average price of $116.34 and a 200-day moving average price of $112.24.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a dividend of $0.2671 per share. This represents a $1.07 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, June 26th. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.26.

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.