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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 19,143 shares, a growth of 88.0% from the January 15th total of 10,180 shares. Based on an average daily volume of 29,059 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 29,059 shares, the short-interest ratio is presently 0.7 days.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

Shares of FNX traded up $1.41 during trading hours on Friday, hitting $136.49. The stock had a trading volume of 9,697 shares, compared to its average volume of 26,607. First Trust Mid Cap Core AlphaDEX Fund has a 1-year low of $93.19 and a 1-year high of $138.71. The firm has a market capitalization of $1.28 billion, a P/E ratio of 14.19 and a beta of 1.12. The firm has a 50 day simple moving average of $131.34 and a 200-day simple moving average of $126.04.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.3914 dividend. This represents a $1.57 dividend on an annualized basis and a yield of 1.1%. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Several hedge funds have recently bought and sold shares of FNX. Mather Group LLC. acquired a new position in First Trust Mid Cap Core AlphaDEX Fund during the third quarter worth $25,000. MTM Investment Management LLC acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter worth about $28,000. Atlantic Union Bankshares Corp acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter worth about $44,000. Blair William & Co. IL bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter valued at about $47,000. Finally, Russell Investments Group Ltd. boosted its stake in First Trust Mid Cap Core AlphaDEX Fund by 5,077.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 466 shares of the company’s stock valued at $58,000 after purchasing an additional 457 shares during 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.