First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Short Interest Down 50.6% in May

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report) saw a large drop in short interest in 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 daily trading volume, of 37,800 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 3.1% in the 4th quarter. LPL Financial LLC now owns 930,345 shares of the company's stock worth $107,660,000 after buying an additional 27,626 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter worth approximately $58,781,000. Royal Bank of Canada grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 8.5% in the 4th quarter. Royal Bank of Canada now owns 248,407 shares of the company's stock worth $28,745,000 after buying an additional 19,517 shares during the last quarter. National Bank of Canada FI grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 3.1% in the 4th quarter. National Bank of Canada FI now owns 197,940 shares of the company's stock worth $22,906,000 after buying an additional 6,014 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 2.4% in the 1st quarter. Kestra Advisory Services LLC now owns 192,188 shares of the company's stock worth $20,945,000 after buying an additional 4,539 shares during the last quarter.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

FNX traded down $1.38 on Friday, hitting $111.65. 9,369 shares of the company were exchanged, compared to its average volume of 34,229. The firm has a fifty day simple moving average of $107.70 and a two-hundred day simple moving average of $113.14. First Trust Mid Cap Core AlphaDEX Fund has a 12 month low of $93.19 and a 12 month high of $127.98. The stock has a market capitalization of $1.12 billion, a PE ratio of 14.75 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.2561 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.02 annualized dividend and a yield of 0.92%.

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.