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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 11,400 shares, a decrease of 17.4% from the March 15th total of 13,800 shares. Based on an average daily trading volume, of 36,700 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in FNX. Golden State Wealth Management LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter worth approximately $31,000. Global Retirement Partners LLC grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 19.0% in the 4th quarter. Global Retirement Partners LLC now owns 953 shares of the company's stock valued at $110,000 after buying an additional 152 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 53.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,424 shares of the company's stock valued at $165,000 after buying an additional 494 shares during the period. J.W. Cole Advisors Inc. bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter worth about $201,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter worth approximately $205,000.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

Shares of NASDAQ FNX traded up $1.90 during mid-day trading on Thursday, hitting $104.59. 18,457 shares of the stock traded hands, compared to its average volume of 37,789. The company has a market cap of $1.04 billion, a PE ratio of 13.42 and a beta of 1.20. First Trust Mid Cap Core AlphaDEX Fund has a twelve month low of $93.19 and a twelve month high of $127.98. The firm has a 50 day simple moving average of $107.87 and a two-hundred day simple moving average of $115.60.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a dividend of $0.2561 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Thursday, March 27th.

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.