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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 9,400 shares, a drop of 32.4% from the January 15th total of 13,900 shares. Based on an average daily trading volume, of 24,600 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FNX. Oppenheimer & Co. Inc. boosted its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 6.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,711 shares of the company's stock worth $1,489,000 after buying an additional 822 shares during the last quarter. Sigma Planning Corp raised its holdings in First Trust Mid Cap Core AlphaDEX Fund by 4.9% during the third quarter. Sigma Planning Corp now owns 6,004 shares of the company's stock worth $703,000 after acquiring an additional 278 shares in the last quarter. Schrum Private Wealth Management LLC acquired a new position in First Trust Mid Cap Core AlphaDEX Fund during the third quarter valued at approximately $249,000. Atria Investments Inc grew its stake in First Trust Mid Cap Core AlphaDEX Fund by 1.3% in the third quarter. Atria Investments Inc now owns 37,831 shares of the company's stock valued at $4,432,000 after purchasing an additional 491 shares in the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter worth approximately $1,499,000.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

First Trust Mid Cap Core AlphaDEX Fund stock traded up $1.33 during midday trading on Tuesday, reaching $121.25. The stock had a trading volume of 11,584 shares, compared to its average volume of 30,748. First Trust Mid Cap Core AlphaDEX Fund has a 1-year low of $103.57 and a 1-year high of $127.98. The firm's fifty day simple moving average is $118.76 and its 200-day simple moving average is $117.69. The stock has a market capitalization of $1.28 billion, a P/E ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.4657 dividend. The ex-dividend date of this dividend was Friday, December 13th. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund's previous dividend of $0.35.

About First Trust Mid Cap Core AlphaDEX Fund

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.