First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 13,800 shares, an increase of 26.6% from the February 28th total of 10,900 shares. Approximately 0.1% of the company's shares are short sold. Based on an average daily trading volume, of 31,200 shares, the short-interest ratio is currently 0.4 days.
First Trust Mid Cap Core AlphaDEX Fund Trading Down 7.0 %
FNX traded down $7.83 during midday trading on Thursday, hitting $103.31. The company's stock had a trading volume of 41,701 shares, compared to its average volume of 32,476. First Trust Mid Cap Core AlphaDEX Fund has a 52-week low of $103.28 and a 52-week high of $127.98. The firm has a 50-day moving average price of $114.33 and a two-hundred day moving average price of $117.41. The firm has a market cap of $1.05 billion, a P/E ratio of 14.61 and a beta of 1.20.
First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.2561 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a yield of 0.99%.
Hedge Funds Weigh In On First Trust Mid Cap Core AlphaDEX Fund
A number of large investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new position in First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter valued at approximately $31,000. Global Retirement Partners LLC lifted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 19.0% during the 4th quarter. Global Retirement Partners LLC now owns 953 shares of the company's stock valued at $110,000 after acquiring an additional 152 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in First Trust Mid Cap Core AlphaDEX Fund by 53.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,424 shares of the company's stock valued at $165,000 after purchasing an additional 494 shares in the last quarter. J.W. Cole Advisors Inc. acquired 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 purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter worth about $205,000.
First Trust Mid Cap Core AlphaDEX Fund Company Profile
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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.
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