Short Interest in First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Drops By 51.3%

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 10,900 shares, a drop of 51.3% from the June 15th total of 22,383 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 21,276 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FNX. Perryman Financial Advisory Inc. AD acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter worth approximately $8,838,000. Hilton Head Capital Partners LLC bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter worth approximately $540,000. IFP Advisors Inc lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 31.2% in the fourth quarter. IFP Advisors Inc now owns 1,178 shares of the company’s stock valued at $148,000 after buying an additional 280 shares during the period. Intrua Financial LLC lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 19.1% in the fourth quarter. Intrua Financial LLC now owns 2,222 shares of the company’s stock valued at $280,000 after buying an additional 356 shares during the period. Finally, Three Cord True Wealth Management LLC boosted its stake in First Trust Mid Cap Core AlphaDEX Fund by 8.8% in the fourth quarter. Three Cord True Wealth Management LLC now owns 130,118 shares of the company’s stock valued at $16,392,000 after acquiring an additional 10,505 shares during the last quarter.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 0.5%

FNX stock opened at $143.90 on Friday. The company has a market cap of $1.39 billion, a P/E ratio of 14.19 and a beta of 1.05. First Trust Mid Cap Core AlphaDEX Fund has a twelve month low of $113.65 and a twelve month high of $146.75. The business has a fifty day moving average of $141.35 and a 200-day moving average of $136.00.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.266 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, June 25th.

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.