First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Short Interest Down 67.7% in July

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totalling 25,900 shares, a drop of 67.7% from the July 15th total of 80,100 shares. Based on an average daily volume of 27,400 shares, the short-interest ratio is currently 0.9 days.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 1.9 %

Shares of NASDAQ FNX traded up $2.06 during midday trading on Thursday, hitting $112.22. The company’s stock had a trading volume of 18,095 shares, compared to its average volume of 29,469. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 13.43 and a beta of 1.20. The stock has a fifty day moving average price of $110.11 and a 200 day moving average price of $108.87. First Trust Mid Cap Core AlphaDEX Fund has a one year low of $85.01 and a one year high of $117.85.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a dividend of $0.3468 per share. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous dividend of $0.17. The ex-dividend date was Thursday, June 27th.

Hedge Funds Weigh In On First Trust Mid Cap Core AlphaDEX Fund

A number of large investors have recently made changes to their positions in the stock. Kaydan Wealth Management Inc. lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 1,353.6% during the 1st quarter. Kaydan Wealth Management Inc. now owns 211,293 shares of the company’s stock worth $23,954,000 after purchasing an additional 196,757 shares in the last quarter. Cetera Advisors LLC lifted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 311.4% in the first quarter. Cetera Advisors LLC now owns 100,450 shares of the company’s stock worth $11,388,000 after buying an additional 76,033 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 2,399.0% in the second quarter. Atria Wealth Solutions Inc. now owns 64,024 shares of the company’s stock valued at $6,948,000 after acquiring an additional 61,462 shares during the period. International Assets Investment Management LLC purchased a new position in First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter valued at approximately $5,931,000. Finally, Kestra Advisory Services LLC grew its stake in First Trust Mid Cap Core AlphaDEX Fund by 16.0% during the first quarter. Kestra Advisory Services LLC now owns 345,678 shares of the company’s stock valued at $39,190,000 after acquiring an additional 47,752 shares in the last quarter.

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.