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 recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 3,900 shares, a decline of 7.1% from the December 15th total of 4,200 shares. Based on an average daily volume of 18,600 shares, the short-interest ratio is presently 0.2 days.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 0.5 %

FNX traded up $0.63 during trading on Friday, reaching $120.21. The stock had a trading volume of 19,938 shares, compared to its average volume of 30,594. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 13.43 and a beta of 1.20. The stock’s 50 day moving average is $120.37 and its two-hundred day moving average is $116.42. First Trust Mid Cap Core AlphaDEX Fund has a one year low of $99.68 and a one year high of $127.98.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Pure Financial Advisors LLC purchased a new position in First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter worth about $239,000. Schrum Private Wealth Management LLC bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the third quarter valued at approximately $249,000. Elios Financial Group Inc. purchased a new position in First Trust Mid Cap Core AlphaDEX Fund in the 3rd quarter worth approximately $272,000. FMR LLC lifted its position in First Trust Mid Cap Core AlphaDEX Fund by 8.4% in the 3rd quarter. FMR LLC now owns 2,648 shares of the company’s stock valued at $310,000 after acquiring an additional 205 shares in the last quarter. Finally, Good Life Advisors LLC bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the 3rd quarter valued at approximately $331,000.

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.