First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX – Get Free Report) 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
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.
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