First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Short Interest Update

by · The Markets Daily

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX – Get Free Report) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 22,383 shares, a decrease of 43.7% from the May 31st total of 39,743 shares. Based on an average trading volume of 17,335 shares, the short-interest ratio is presently 1.3 days. Currently, 0.2% of the company’s stock are sold short.

First Trust Mid Cap Core AlphaDEX Fund Trading Down 0.6%

NASDAQ FNX traded down $0.94 during trading hours on Wednesday, hitting $145.41. The company’s stock had a trading volume of 8,661 shares, compared to its average volume of 26,639. The company has a market capitalization of $1.40 billion, a PE ratio of 14.19 and a beta of 1.06. First Trust Mid Cap Core AlphaDEX Fund has a 52 week low of $113.65 and a 52 week high of $146.75. The company’s 50-day simple moving average is $140.11 and its two-hundred day simple moving average is $134.72.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.266 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.06 annualized dividend and a dividend yield of 0.7%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in First Trust Mid Cap Core AlphaDEX Fund by 1,910.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,392,336 shares of the company’s stock worth $175,406,000 after buying an additional 1,323,065 shares in the last quarter. Morgan Stanley lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 0.5% during the 4th quarter. Morgan Stanley now owns 1,050,519 shares of the company’s stock valued at $132,340,000 after acquiring an additional 5,458 shares in the last quarter. LPL Financial LLC boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 5.5% during the 4th quarter. LPL Financial LLC now owns 934,661 shares of the company’s stock worth $117,744,000 after acquiring an additional 48,416 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 1.9% during the 4th quarter. Wells Fargo & Company MN now owns 679,379 shares of the company’s stock worth $85,585,000 after acquiring an additional 12,936 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 4.8% during the 1st quarter. Royal Bank of Canada now owns 273,951 shares of the company’s stock worth $35,132,000 after acquiring an additional 12,540 shares during the last quarter.

About First Trust Mid Cap Core AlphaDEX Fund

(Get Free Report)

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.

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