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

Key Points

• Short interest fell 92.3% to 2,820 shares as of March 31 from 36,701 on March 15, leaving a short‑interest ratio of 0.1 days and roughly 0.0% of shares short.
• Shares traded at $133.36 (down $0.68, -0.5%) with a market cap of $1.27 billion, a P/E of 14.19, and a 12‑month range of $97.64–$138.71.
• The fund paid a quarterly dividend of $0.3141 per share on March 31 (annualized $1.26, yield ~0.9%).

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - ) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 2,820 shares, a drop of 92.3% from the March 15th total of 36,701 shares. Based on an average trading volume of 44,511 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company's shares are short sold.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 0.5%

Shares of FNX traded down $0.68 during trading on Friday, reaching $133.36. 56,257 shares of the company traded hands, compared to its average volume of 31,449. First Trust Mid Cap Core AlphaDEX Fund has a twelve month low of $97.64 and a twelve month high of $138.71. The stock has a market cap of $1.27 billion, a PE ratio of 14.19 and a beta of 1.09. The stock has a 50-day simple moving average of $132.24 and a 200-day simple moving average of $128.82.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.3141 per share. The ex-dividend date was Thursday, March 26th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.9%.

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

Institutional investors have recently made changes to their positions in the stock. UBS Group AG increased its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 1.3% during the fourth quarter. UBS Group AG now owns 217,783 shares of the company's stock valued at $27,435,000 after acquiring an additional 2,726 shares during the last quarter. FSM Wealth Advisors LLC boosted its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 8.5% in the fourth quarter. FSM Wealth Advisors LLC now owns 22,291 shares of the company's stock valued at $2,808,000 after purchasing an additional 1,751 shares during the period. Sound Income Strategies LLC purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter valued at approximately $186,000. Perigon Wealth Management LLC boosted its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 0.9% in the fourth quarter. Perigon Wealth Management LLC now owns 16,911 shares of the company's stock valued at $2,130,000 after purchasing an additional 143 shares during the period. Finally, Triumph Capital Management purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the third quarter valued at approximately $201,000.

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.

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