Short Interest in First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Expands By 491.8%

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 43,200 shares, an increase of 491.8% from the October 31st total of 7,300 shares. Based on an average daily trading volume, of 19,400 shares, the days-to-cover ratio is currently 2.2 days.

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

Hedge funds have recently made changes to their positions in the business. Kingsview Wealth Management LLC raised its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 3.8% during the third quarter. Kingsview Wealth Management LLC now owns 3,671 shares of the company’s stock worth $430,000 after purchasing an additional 134 shares during the last quarter. Kowal Investment Group LLC raised its position in First Trust Mid Cap Core AlphaDEX Fund by 2.3% during the 2nd quarter. Kowal Investment Group LLC now owns 6,902 shares of the company’s stock worth $749,000 after buying an additional 155 shares during the last quarter. FMR LLC lifted its stake in shares of 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 worth $310,000 after acquiring an additional 205 shares during the period. ABLE Financial Group LLC boosted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 7.1% in the third quarter. ABLE Financial Group LLC now owns 3,228 shares of the company’s stock valued at $378,000 after acquiring an additional 214 shares in the last quarter. Finally, Sigma Planning Corp increased its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 4.9% during the third quarter. Sigma Planning Corp now owns 6,004 shares of the company’s stock worth $703,000 after acquiring an additional 278 shares during the period.

First Trust Mid Cap Core AlphaDEX Fund Trading Down 0.1 %

FNX stock opened at $126.00 on Thursday. The company has a market capitalization of $1.35 billion, a P/E ratio of 13.43 and a beta of 1.20. The business has a 50 day simple moving average of $118.69 and a 200-day simple moving average of $113.72. First Trust Mid Cap Core AlphaDEX Fund has a twelve month low of $92.81 and a twelve month high of $127.98.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.4808 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.53%. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44. The ex-dividend date was Thursday, September 26th.

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.