First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Large Decrease in Short Interest

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Pure Financial Advisors LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter valued at approximately $239,000. Priebe Wealth Holdings LLC boosted its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 5.2% during the 4th quarter. Priebe Wealth Holdings LLC now owns 32,404 shares of the company’s stock worth $3,750,000 after acquiring an additional 1,608 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 6.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 56,319 shares of the company’s stock valued at $6,558,000 after acquiring an additional 3,215 shares during the period. Sanctuary Advisors LLC increased its stake in shares of 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 in the last quarter. Finally, National Bank of Canada FI raised its holdings in First Trust Mid Cap Core AlphaDEX Fund by 9,554.2% in the 3rd quarter. National Bank of Canada FI now owns 191,926 shares of the company’s stock worth $22,484,000 after purchasing an additional 189,938 shares during the period.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 0.5 %

NASDAQ:FNX traded up $0.63 during trading hours on Friday, reaching $120.21. The company had a trading volume of 19,938 shares, compared to its average volume of 30,594. The firm’s 50 day moving average price is $120.37 and its 200-day moving average price is $116.42. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 13.43 and a beta of 1.20. First Trust Mid Cap Core AlphaDEX Fund has a 52 week low of $99.68 and a 52 week high of $127.98.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued 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.

First Trust Mid Cap Core AlphaDEX Fund Company Profile

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.