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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 29,100 shares, a growth of 12.8% from the August 31st total of 25,800 shares. Based on an average daily volume of 26,800 shares, the short-interest ratio is currently 1.1 days.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 0.8 %

FNX stock traded up $0.92 during mid-day trading on Friday, reaching $116.86. 14,950 shares of the company traded hands, compared to its average volume of 27,654. First Trust Mid Cap Core AlphaDEX Fund has a fifty-two week low of $85.01 and a fifty-two week high of $117.85. The firm’s 50 day moving average price is $113.19 and its 200 day moving average price is $110.79. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.4808 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.92 annualized dividend and a dividend yield of 1.65%. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44.

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

Hedge funds have recently modified their holdings of the company. Stifel Financial Corp lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 0.5% in the fourth quarter. Stifel Financial Corp now owns 107,740 shares of the company’s stock valued at $11,254,000 after purchasing an additional 571 shares during the last quarter. Personal CFO Solutions LLC lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 11.3% in the fourth quarter. Personal CFO Solutions LLC now owns 15,026 shares of the company’s stock valued at $1,570,000 after purchasing an additional 1,525 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 2.5% in the fourth quarter. Chicago Partners Investment Group LLC now owns 57,467 shares of the company’s stock valued at $5,855,000 after purchasing an additional 1,418 shares during the last quarter. Virtu Financial LLC purchased a new position in First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter valued at approximately $2,441,000. Finally, B. Riley Wealth Advisors Inc. lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 60.8% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 74,888 shares of the company’s stock valued at $7,822,000 after purchasing an additional 28,320 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.