First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 29,100 shares, an increase of 12.8% from the August 31st total of 25,800 shares. Based on an average trading volume of 26,800 shares, the days-to-cover ratio is currently 1.1 days.
Hedge Funds Weigh In On First Trust Mid Cap Core AlphaDEX Fund
A number of institutional investors and hedge funds have recently made changes to their positions in FNX. GAMMA Investing LLC bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter valued at about $101,000. Larson Financial Group LLC raised its holdings in First Trust Mid Cap Core AlphaDEX Fund by 911.8% during the 2nd quarter. Larson Financial Group LLC now owns 1,032 shares of the company’s stock valued at $112,000 after acquiring an additional 930 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the second quarter worth $177,000. International Assets Investment Management LLC bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the second quarter worth $193,000. Finally, M3 Advisory Group LLC bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter worth $201,000.
First Trust Mid Cap Core AlphaDEX Fund Price Performance
NASDAQ FNX traded up $0.92 on Friday, reaching $116.86. The company had a trading volume of 14,950 shares, compared to its average volume of 27,654. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 13.43 and a beta of 1.20. First Trust Mid Cap Core AlphaDEX Fund has a fifty-two week low of $85.01 and a fifty-two week high of $117.85. The business has a 50 day moving average of $113.19 and a two-hundred day moving average of $110.79.
First Trust Mid Cap Core AlphaDEX Fund Increases Dividend
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.
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