First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Short Interest Down 60.5% in October

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totalling 10,100 shares, a drop of 60.5% from the September 30th total of 25,600 shares. Based on an average daily volume of 19,900 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 0.4 %

FNX traded down $0.50 during midday trading on Friday, hitting $116.11. 14,629 shares of the company were exchanged, compared to its average volume of 26,907. The firm's 50 day moving average price is $115.33 and its 200-day moving average price is $111.67. First Trust Mid Cap Core AlphaDEX Fund has a 1-year low of $85.01 and a 1-year high of $120.05. The firm has a market capitalization of $1.25 billion, a P/E ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.4808 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from First Trust Mid Cap Core AlphaDEX Fund's previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a yield of 1.66%.

Institutional Investors Weigh In On First Trust Mid Cap Core AlphaDEX Fund

A number of institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 10,294.5% during the third quarter. International Assets Investment Management LLC now owns 184,607 shares of the company's stock valued at $21,627,000 after purchasing an additional 182,831 shares during the period. Cetera Advisors LLC boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 311.4% in the first quarter. Cetera Advisors LLC now owns 100,450 shares of the company's stock worth $11,388,000 after acquiring an additional 76,033 shares in the last quarter. Atria Wealth Solutions Inc. grew its stake in First Trust Mid Cap Core AlphaDEX Fund by 2,399.0% in the second quarter. Atria Wealth Solutions Inc. now owns 64,024 shares of the company's stock valued at $6,948,000 after acquiring an additional 61,462 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the second quarter valued at approximately $5,757,000. Finally, Kestra Advisory Services LLC lifted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 16.0% in the 1st quarter. Kestra Advisory Services LLC now owns 345,678 shares of the company's stock worth $39,190,000 after purchasing an additional 47,752 shares in 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.