Short Interest in First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Increases By 18.5%

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 10,900 shares, a growth of 18.5% from the February 13th total of 9,200 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 27,300 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. boosted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 6.1% in the third quarter. B. Riley Wealth Advisors Inc. now owns 56,319 shares of the company’s stock worth $6,558,000 after acquiring an additional 3,215 shares during the period. FMR LLC lifted its holdings 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 worth $310,000 after purchasing an additional 205 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in First Trust Mid Cap Core AlphaDEX Fund by 5.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 56,541 shares of the company’s stock worth $7,093,000 after purchasing an additional 3,147 shares during the period. Stifel Financial Corp grew its holdings in First Trust Mid Cap Core AlphaDEX Fund by 0.9% during the 3rd quarter. Stifel Financial Corp now owns 88,120 shares of the company’s stock valued at $10,323,000 after buying an additional 822 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 9,554.2% during the third quarter. National Bank of Canada FI now owns 191,926 shares of the company’s stock valued at $22,484,000 after buying an additional 189,938 shares during the period.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 1.7 %

FNX opened at $110.43 on Thursday. The firm has a 50-day moving average price of $116.40 and a 200-day moving average price of $117.62. First Trust Mid Cap Core AlphaDEX Fund has a twelve month low of $104.42 and a twelve month high of $127.98. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 13.58 and a beta of 1.20.

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.