First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Short Interest Update

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 35,941 shares, an increase of 262.7% from the April 30th total of 9,909 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 18,919 shares, the short-interest ratio is presently 1.9 days.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

Shares of NASDAQ FNX traded down $1.36 during mid-day trading on Friday, reaching $140.24. The company’s stock had a trading volume of 16,752 shares, compared to its average volume of 28,345. The firm has a market capitalization of $1.35 billion, a PE ratio of 14.19 and a beta of 1.07. The stock has a fifty day moving average of $134.80 and a two-hundred day moving average of $131.79. First Trust Mid Cap Core AlphaDEX Fund has a 52 week low of $109.62 and a 52 week high of $142.03.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.3141 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.9%.

Hedge Funds Weigh In On First Trust Mid Cap Core AlphaDEX Fund

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the first quarter worth about $267,000. Two Sigma Securities LLC bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the second quarter worth about $325,000. Truefg LLC bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the second quarter worth about $266,000. Geneos Wealth Management Inc. increased its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 101.9% in the second quarter. Geneos Wealth Management Inc. now owns 3,457 shares of the company’s stock worth $397,000 after purchasing an additional 1,745 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 13.9% in the third quarter. GPS Wealth Strategies Group LLC now owns 7,840 shares of the company’s stock worth $983,000 after purchasing an additional 959 shares during the last quarter.

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.