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

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

First Trust Mid Cap Core AlphaDEX Fund Price Performance

Shares of NASDAQ:FNX opened at $108.60 on Wednesday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 13.58 and a beta of 1.20. The company has a 50 day moving average of $116.53 and a 200-day moving average of $117.67. First Trust Mid Cap Core AlphaDEX Fund has a one year low of $104.42 and a one year high of $127.98.

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

Several large investors have recently bought and sold shares of FNX. Golden State Wealth Management LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter valued at approximately $31,000. Global Retirement Partners LLC increased its stake in First Trust Mid Cap Core AlphaDEX Fund by 19.0% in the fourth quarter. Global Retirement Partners LLC now owns 953 shares of the company’s stock valued at $110,000 after purchasing an additional 152 shares in the last quarter. JPMorgan Chase & Co. increased its stake in First Trust Mid Cap Core AlphaDEX Fund by 53.1% in the fourth 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. bought a new stake in First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter valued at approximately $201,000. Finally, Integrated Wealth Concepts LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter valued at approximately $205,000.

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.