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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 16,100 shares, a drop of 50.6% from the May 15th total of 32,600 shares. Based on an average trading volume of 37,800 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 0.8%

Shares of NASDAQ:FNX traded down $0.93 during trading on Tuesday, hitting $111.91. 9,424 shares of the company traded hands, compared to its average volume of 33,786. The business's fifty day moving average is $108.06 and its 200-day moving average is $112.95. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.75 and a beta of 1.20. First Trust Mid Cap Core AlphaDEX Fund has a one year low of $93.19 and a one year high of $127.98.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.2561 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, March 27th.

Hedge Funds Weigh In On First Trust Mid Cap Core AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter worth about $58,781,000. AssuredPartners Investment Advisors LLC bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter worth approximately $12,518,000. Three Cord True Wealth Management LLC bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter worth approximately $12,391,000. GAMMA Investing LLC increased its position in First Trust Mid Cap Core AlphaDEX Fund by 10,798.0% in the 1st quarter. GAMMA Investing LLC now owns 101,024 shares of the company's stock valued at $11,010,000 after acquiring an additional 100,097 shares during the period. Finally, Susquehanna International Group LLP raised its stake in First Trust Mid Cap Core AlphaDEX Fund by 816.2% during the 4th quarter. Susquehanna International Group LLP now owns 34,814 shares of the company's stock valued at $4,029,000 after acquiring an additional 31,014 shares in the last quarter.

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.