First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Short Interest Up 26.6% in March

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 13,800 shares, a growth of 26.6% from the February 28th total of 10,900 shares. Currently, 0.1% of the company's stock are sold short. Based on an average trading volume of 31,200 shares, the short-interest ratio is presently 0.4 days.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

NASDAQ FNX traded down $5.00 on Friday, hitting $98.31. The stock had a trading volume of 186,192 shares, compared to its average volume of 34,878. The business's fifty day moving average price is $113.87 and its 200 day moving average price is $117.29. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 14.61 and a beta of 1.20. First Trust Mid Cap Core AlphaDEX Fund has a 52-week low of $95.90 and a 52-week high of $127.98.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.2561 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 annualized dividend and a yield of 1.04%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FNX. Global Retirement Partners LLC grew its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 19.0% during the fourth quarter. Global Retirement Partners LLC now owns 953 shares of the company's stock worth $110,000 after acquiring an additional 152 shares during the last quarter. Rathbones Group PLC grew its position in First Trust Mid Cap Core AlphaDEX Fund by 3.5% during the 4th quarter. Rathbones Group PLC now owns 5,431 shares of the company's stock worth $628,000 after purchasing an additional 185 shares during the last quarter. Comerica Bank increased its stake in First Trust Mid Cap Core AlphaDEX Fund by 1.0% during the 4th quarter. Comerica Bank now owns 18,924 shares of the company's stock valued at $2,190,000 after purchasing an additional 189 shares in the last quarter. FMR LLC increased its stake in First Trust Mid Cap Core AlphaDEX Fund by 8.4% during the 3rd quarter. FMR LLC now owns 2,648 shares of the company's stock valued at $310,000 after purchasing an additional 205 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter worth $31,000.

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.