Short Interest in First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Declines By 78.4%

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 1,600 shares, a drop of 78.4% from the March 15th total of 7,400 shares. Based on an average daily volume of 30,700 shares, the short-interest ratio is presently 0.1 days.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 2.0 %

FNX traded down $2.25 during midday trading on Wednesday, reaching $109.19. 33,163 shares of the company's stock were exchanged, compared to its average volume of 30,610. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 11.89 and a beta of 1.20. First Trust Mid Cap Core AlphaDEX Fund has a one year low of $85.01 and a one year high of $113.75. The business has a 50-day simple moving average of $107.75 and a two-hundred day simple moving average of $100.00.

First Trust Mid Cap Core AlphaDEX Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.1685 per share. The ex-dividend date was Thursday, March 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley raised its position in First Trust Mid Cap Core AlphaDEX Fund by 7.5% in the 4th quarter. Morgan Stanley now owns 1,237,129 shares of the company's stock worth $108,657,000 after purchasing an additional 86,291 shares during the last quarter. Kestra Advisory Services LLC raised its position in First Trust Mid Cap Core AlphaDEX Fund by 32.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 309,072 shares of the company's stock worth $28,466,000 after purchasing an additional 74,946 shares during the last quarter. Wells Fargo & Company MN raised its position in First Trust Mid Cap Core AlphaDEX Fund by 9.0% in the 2nd quarter. Wells Fargo & Company MN now owns 765,292 shares of the company's stock worth $73,713,000 after purchasing an additional 62,913 shares during the last quarter. Royal Bank of Canada raised its position in First Trust Mid Cap Core AlphaDEX Fund by 25.4% in the 2nd quarter. Royal Bank of Canada now owns 291,761 shares of the company's stock worth $28,102,000 after purchasing an additional 59,101 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter worth approximately $5,931,000.

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.