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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 29,161 shares, a growth of 81.1% from the July 15th total of 16,102 shares. Based on an average trading volume of 10,904 shares, the short-interest ratio is presently 2.7 days. Currently, 0.3% of the shares of the stock are short sold.

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

A number of large investors have recently modified their holdings of FNX. Jane Street Group LLC bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the 1st quarter valued at about $267,000. Two Sigma Securities LLC purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter valued at approximately $325,000. Truefg LLC bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter worth about $266,000. Geneos Wealth Management Inc. boosted its stake in First Trust Mid Cap Core AlphaDEX Fund by 101.9% during the second quarter. Geneos Wealth Management Inc. now owns 3,457 shares of the company’s stock valued at $397,000 after buying an additional 1,745 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 5,077.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 466 shares of the company’s stock worth $58,000 after buying an additional 457 shares during the last quarter.

First Trust Mid Cap Core AlphaDEX Fund Trading Down 0.3%

NASDAQ:FNX traded down $0.38 during mid-day trading on Monday, hitting $147.57. 9,221 shares of the company’s stock were exchanged, compared to its average volume of 23,898. The firm has a market capitalization of $1.42 billion, a P/E ratio of 14.19 and a beta of 1.06. First Trust Mid Cap Core AlphaDEX Fund has a fifty-two week low of $117.48 and a fifty-two week high of $147.98. The company has a 50 day simple moving average of $143.92 and a 200-day simple moving average of $137.96.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.266 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.7%.

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.