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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 4,100 shares, a decrease of 90.5% from the November 15th total of 43,200 shares. Based on an average daily trading volume, of 19,300 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

NASDAQ:FNX traded up $0.38 during mid-day trading on Wednesday, reaching $123.09. The stock had a trading volume of 10,503 shares, compared to its average volume of 25,892. First Trust Mid Cap Core AlphaDEX Fund has a twelve month low of $97.75 and a twelve month high of $127.98. The business has a 50 day simple moving average of $120.40 and a 200 day simple moving average of $114.68. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.4808 dividend. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC grew its position in First Trust Mid Cap Core AlphaDEX Fund by 1.3% during the second quarter. LPL Financial LLC now owns 860,681 shares of the company’s stock worth $93,407,000 after buying an additional 11,453 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter worth approximately $177,000. Larson Financial Group LLC increased its stake in First Trust Mid Cap Core AlphaDEX Fund by 911.8% in the 2nd quarter. Larson Financial Group LLC now owns 1,032 shares of the company’s stock valued at $112,000 after purchasing an additional 930 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in First Trust Mid Cap Core AlphaDEX Fund during the second quarter worth $603,000. Finally, International Assets Investment Management LLC purchased a new stake in First Trust Mid Cap Core AlphaDEX Fund during the second quarter worth $193,000.

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.