Short Interest in First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Drops By 7.1%

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 3,900 shares, a drop of 7.1% from the December 15th total of 4,200 shares. Based on an average daily trading volume, of 18,600 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On First Trust Mid Cap Core AlphaDEX Fund

Several large investors have recently made changes to their positions in the business. National Bank of Canada FI lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 9,554.2% in the third quarter. National Bank of Canada FI now owns 191,926 shares of the company’s stock valued at $22,484,000 after purchasing an additional 189,938 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 10,294.5% during the 3rd quarter. International Assets Investment Management LLC now owns 184,607 shares of the company’s stock valued at $21,627,000 after buying an additional 182,831 shares during the last quarter. Benjamin Edwards Inc. bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter worth $7,113,000. Sanctuary Advisors LLC purchased a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter worth about $5,757,000. Finally, LPL Financial LLC raised its stake in First Trust Mid Cap Core AlphaDEX Fund by 4.9% in the 3rd quarter. LPL Financial LLC now owns 902,719 shares of the company’s stock valued at $105,753,000 after acquiring an additional 42,038 shares during the period.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

Shares of NASDAQ FNX traded up $0.63 during midday trading on Friday, reaching $120.21. The company’s stock had a trading volume of 19,938 shares, compared to its average volume of 30,594. The stock has a market capitalization of $1.28 billion, a P/E ratio of 13.43 and a beta of 1.20. The firm has a 50 day moving average price of $120.37 and a 200-day moving average price of $116.36. First Trust Mid Cap Core AlphaDEX Fund has a 12-month low of $99.68 and a 12-month high of $127.98.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.4657 dividend. The ex-dividend date was Friday, December 13th. This is an increase 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.