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

Key Points

• First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw a significant 56.5% decline in short interest in August, with total short interest dropping from 2,300 shares to 1,000 shares.
• The fund recently increased its quarterly dividend to $0.2671 per share, marking a rise from the previous dividend of $0.26.
• Several large investors have recently adjusted their stakes in FNX, with notable increases from firms such as Park National Corp and BKM Wealth Management.

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report) was the target of a significant decline in short interest in August. As of August 15th, there was short interest totaling 1,000 shares, adeclineof56.5% from the July 31st total of 2,300 shares. Based on an average daily volume of 19,600 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 19,600 shares, the short-interest ratio is presently 0.1 days.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

Shares of FNX traded up $0.20 during midday trading on Monday, reaching $125.23. 14,136 shares of the stock were exchanged, compared to its average volume of 29,368. The business's 50-day moving average price is $119.23 and its 200 day moving average price is $112.46. First Trust Mid Cap Core AlphaDEX Fund has a twelve month low of $93.19 and a twelve month high of $127.98. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 14.19 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were paid a $0.2671 dividend. This is a boost from First Trust Mid Cap Core AlphaDEX Fund's previous quarterly dividend of $0.26. This represents a $1.07 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, June 26th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. MTM Investment Management LLC acquired a new position in First Trust Mid Cap Core AlphaDEX Fund in the second quarter valued at $28,000. BankPlus Trust Department acquired a new position in First Trust Mid Cap Core AlphaDEX Fund in the first quarter valued at $32,000. Atlantic Union Bankshares Corp acquired a new position in First Trust Mid Cap Core AlphaDEX Fund in the second quarter valued at $44,000. Blair William & Co. IL acquired a new position in First Trust Mid Cap Core AlphaDEX Fund in the second quarter valued at $47,000. Finally, Anderson Financial Strategies LLC acquired a new position in First Trust Mid Cap Core AlphaDEX Fund in the first quarter valued at $54,000.

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.