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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNXGet Rating) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 50,100 shares, a growth of 381.7% from the March 31st total of 10,400 shares. Based on an average trading volume of 40,100 shares, the days-to-cover ratio is currently 1.2 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AE Wealth Management LLC raised its position in First Trust Mid Cap Core AlphaDEX Fund by 34.1% in the third quarter. AE Wealth Management LLC now owns 4,312 shares of the company’s stock valued at $421,000 after purchasing an additional 1,097 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in First Trust Mid Cap Core AlphaDEX Fund by 16.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 34,114 shares of the company’s stock worth $3,332,000 after purchasing an additional 4,707 shares during the period. Rathbone Brothers plc increased its position in First Trust Mid Cap Core AlphaDEX Fund by 13.1% during the 3rd quarter. Rathbone Brothers plc now owns 2,904 shares of the company’s stock worth $284,000 after purchasing an additional 336 shares during the period. Strategic Asset Management LLC acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the 3rd quarter worth approximately $84,000. Finally, Independent Wealth Network Inc. acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter valued at $578,000.

Shares of FNX traded up $0.88 during midday trading on Wednesday, reaching $93.87. 227 shares of the stock were exchanged, compared to its average volume of 40,636. First Trust Mid Cap Core AlphaDEX Fund has a 52 week low of $90.82 and a 52 week high of $107.79. The company’s 50 day moving average is $96.69 and its two-hundred day moving average is $99.66.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, March 28th were issued a $0.169 dividend. This represents a $0.68 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Friday, March 25th.

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