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First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX – Get Rating) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 27,000 shares, a growth of 190.3% from the February 13th total of 9,300 shares. Based on an average daily trading volume, of 46,100 shares, the days-to-cover ratio is currently 0.6 days.

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

A number of institutional investors have recently bought and sold shares of the business. Pinnacle Bancorp Inc. acquired a new position in First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter worth about $26,000. Signaturefd LLC acquired a new position in First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter worth approximately $27,000. Ancora Advisors LLC acquired a new position in First Trust Mid Cap Core AlphaDEX Fund during the 1st quarter worth approximately $37,000. Assetmark Inc. acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter valued at approximately $43,000. Finally, Kistler Tiffany Companies LLC acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the 3rd quarter valued at approximately $49,000.

First Trust Mid Cap Core AlphaDEX Fund Trading Down 2.4 %

First Trust Mid Cap Core AlphaDEX Fund stock traded down $2.22 during mid-day trading on Friday, hitting $88.95. 69,333 shares of the company’s stock were exchanged, compared to its average volume of 49,367. The stock has a market cap of $951.77 million, a P/E ratio of 8.73 and a beta of 1.19. The stock has a 50 day moving average of $94.18 and a two-hundred day moving average of $90.30. First Trust Mid Cap Core AlphaDEX Fund has a 1-year low of $79.36 and a 1-year high of $100.88.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Tuesday, December 27th were paid a dividend of $0.378 per share. The ex-dividend date of this dividend was Friday, December 23rd. This represents a $1.51 dividend on an annualized basis and a yield of 1.70%. This is an increase from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.30.

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.