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

First Trust Mid Cap Core AlphaDEX Fund

First Trust Mid Cap Core AlphaDEX

London,,United,Kingdom,-,October,05,,2018:,Screenshot,Of,Robinhood

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Robinhood Markets co-founder Baiju Bhatt steps down from executive role, CEO praises his pivotal role in company&#39;s evolution.

Robinhood&#39;s Co-Founder Baiju Bhatt Steps Down, CEO Commends His Role In Company&#39;s Evolution &#39;From A Seed Of An Idea To The Global Public Company&#39;

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AlphaDEX Alternatives to Cap-Weighted ETFs Prove Their Mettle

FNX Announces $ 125 Million Bought Deal Financing

FINOLEX CABLES GDR 144A by Finolex Cables Ltd.

FENIX OUTDOOR ORD CLASS B by Fenix Outdoor Intl Ltd.

Fenix Outdoor International Ltd

Robinhood Markets, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) said its co-founder and Chief Creative Officer, Baiju Bhatt, will step down from the executive role after over ten years in leadership to&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/g37883570/robinhood-markets-inc-co-founder-baiju-bhatt-to-step-down-as-chief-creative-officer" rel="noreferrer noopener">pursue other entrepreneurial interests.</a>
However, Bhatt will remain a member of Robinhood&#8217;s Board of Directors.
&#8220;Baiju and I have been co-founders for over 10 years and friends for over 20,&#8221; said Vlad Tenev, CEO and Co-Founder of Robinhood.&nbsp;
Last week, Robinhood said total funded customers grew to 23.6 million at the end of February,&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37678720/robinhood-markets-stock-surges-after-the-close-heres-why" rel="noreferrer noopener">up approximately 130,000 from January</a>.
Net deposits were $3.6 billion last month. The company had total assets under custody of $118.7 billion as of the end of February, up 16% from January.
Robinhood noted that net deposits totaled $21.6 billion over the last 12 months.
&#8220;I am grateful for all of his contributions to Robinhood over the last decade,&#8221; Tenev said.
&#8220;His passion for entrepreneurship and commitment to our mission to democratize finance for all helped build Robinhood from a seed of an idea to the global public company it is today,&#8221; he added.&nbsp;
HOOD stock has gained over 113.77% in the past year. Investors can gain exposure to the stock via&nbsp;First Trust Mid Cap Core AlphaDEX Fund&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNX#NASDAQ">FNX</a>) and&nbsp;First Trust Mid Cap Growth AlphaDEX Fund&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNY#NASDAQ">FNY</a>).
Price Action: HOOD shares are trading lower by 1.26% to $18.85 premarket on the last check Friday.
Photo via Shutterstock

Robinhood's Co-Founder Baiju Bhatt Steps Down, CEO Commends His Role In Company's Evolution 'From A Seed Of An Idea To The Global Public Company'

Among the prominent trends in the ETF industry this year has been the realization by advisors, investors and traders that traditional cap-weighted funds are not always the best when it comes to returns. Still, most equity-based ETFs are just that: Weighted by the market values of the funds' underlying components.

Traditional cap-weighted methodologies are particularly common with broad market ETFs such as the SPDR S&amp;P 500 (NYSE: <a class="ticker" href="/stock/spy#NYSE">SPY</a>) and the PowerShares QQQ (NASDAQ: <a class="ticker" href="/stock/qqq#NASDAQ">QQQ</a>). However, there are alternative strategies that have proven to be solid in terms of delivering returns with FirstTrust's AlphaDEX suite being home to some broad market fare that investors may want to consider over more common cap-weighted fare.

In a research note out Thursday, Street One Financial Vice President Paul Weisbruch highlights three AlphaDEX ETFs that represent valid alternatives to traditional broad market ETFs.

One example is the First Trust Large Cap Core AlphaDEX Fund (NYSE: <a class="ticker" href="/stock/fex#NYSE">FEX</a>), which tracks the Defined Large Cap Core Index. That index screens the S&amp;P based on a variety of growth and value factors, including three, six and 12-month price appreciation, sales to price, one year sales growth, book value to price, cash flow to price and return on assets, <a href="http://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=FEX">according to First Trust</a>.

The result is an ETF with the top 75 percent of the S&amp;P 500 and a fund that is far from cap-weighted as GameStop (NYSE: <a class="ticker" href="/stock/gme#NYSE">GME</a>), Ford (NYSE: <a class="ticker" href="/stock/f#NYSE">F</a>) and Aetna (NYSE: <a class="ticker" href="/stock/aet#NYSE">AET</a>) are among FEX's top-10 holdings. What is important to note, as Weisbruch points out, is that since coming to market in May 2007, FEX has outperformed SPY. In fact, the First Trust offering has generated positive returns over that time while SPY is in the red. Today, FEX has almost $345 million in assets under management.

A similar situation is found with the First Trust Mid Cap Core AlphaDEX Fund (NYSE: <a class="ticker" href="/stock/fnx#NYSE">FNX</a>) and the SPDR S&amp;P MidCap 400 ETF (NYSE: <a class="ticker" href="/stock/mdy#NYSE">MDY</a>). 

FNX's approach mirrors that of FEX, but in this case the index tracked is the Defined Mid Cap Core Index and the ETF's constituents are the top 75 percent of the S&amp;P MidCap 400 Index. FNX came to market on the same day in May 2007 as FEX and its ability to outperform rival funds such as MDY has been impressive.

Since its debut, FNX has outpaced MDY by over 950 basis points, though MDY has been the winner over the past 12 months. FNX has over $303 million in assets.

The scenario repeats at the small-cap level as the First Trust Small Cap Core AlphaDEX (NYSE: <a class="ticker" href="/stock/fyx#NYSE">FYX</a>) has outpaced the iShares Core S&amp;P Small-Cap ETF (NYSE: <a class="ticker" href="/stock/ijr#NYSE">IJR</a>) since May 2007. FYX's constituents are pulled from the S&amp;P SmallCap 600 Index, the same index tracked by IJR. Since inception, "FYX has outpaced the S&amp;P 600 SmallCap Index 11.65% versus 8.08%," according to Chojnacki.

"As one might imagine, a fundamentally weighted index would vary significantly head to head against a market cap weighted index (calculated by share price times shares outstanding) in terms of individual equity weightings. Since inception in 2007, based on live returns in these ETFs, First Trust has demonstrated thus far that notable value can be added in an alternative weighting methodology to the market cap," said Weisbruch.

For more on AlphaDex ETFs, click <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/10/2971334/alphadex-etfs-do-things-differently-with-stellar-results">here</a>.

TORONTO, ONTARIO--(Marketwire - Aug. 18, 2009) - 
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
FNX Mining Company Inc. (TSX:FNX) ("Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by BMO Capital Markets and GMP Securities L.P. under which the underwriters have agreed to purchase, on a bought deal basis, 13,000,000 units (the "Units"), each Unit consisting of one common share and one-half of one common share purchase warrant, at a price of $9.65 per Unit for aggregate gross proceeds to FNX of $125,450,000. Each whole common share purchase warrant will entitle the holder to purchase one common share of the Company at a price of $13.00 prior to the date which is three years following the closing of the offering. The Company has granted the underwriters an option, for a period of 30 days following the closing of the offering, to purchase up to an additional 15% of the number of Units purchased pursuant to the offering to cover over-allotments, if any. The proceeds of this financing will be used to take advantage of any future business opportunities and for general corporate purposes. The offering is scheduled to close on or about September 9, 2009 and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange and other applicable securities regulatory authorities.
The Units to be issued under this offering will be offered by way of a short form prospectus in each province of Canada, other than Quebec, and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
Forward-Looking Statement
This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict, which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. In this news release, statements about completion of the announced financing and final proceeds are examples of forward-looking statements. There is no guarantee that the announced financing will receive all final approvals and be completed at all. Forward-looking statements speak only as of the date on which they are made. The Company undertakes no obligation to publicly update any such statement or reflect new information or the occurrence of future events or circumstances, except where required by securities regulations. Accordingly, readers should not place undue reliance on forward-looking statements.

TORONTO, ONTARIO--(Marketwire - Aug. 18, 2009) - 
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
FNX Mining Company Inc. (TSX:FNX) ("Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by BMO Capital Markets and GMP Securities L.P. under which the underwriters have agreed to purchase, on a bought deal basis, 13,000,000 units (the "Units"), each Unit consisting of one common share and one-half of one common share purchase warrant, at a price of $9.65 per Unit for aggregate gross proceeds to FNX of $125,450,000. Each whole common share purchase warrant will entitle the holder to purchase one common share of the Company at a price of $13.00 prior to the date which is 3 years following the closing of the offering. The Company has granted the underwriters an option, for a period of 30 days following the closing of the offering, to purchase up to an additional 15% of the number of Units purchased pursuant to the offering to cover over-allotments, if any. The proceeds of this financing will be used for general corporate purposes and to take advantage of any future business opportunities. The offering is scheduled to close on or about September 9, 2009 and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange and other applicable securities regulatory authorities.
The Units to be issued under this offering will be offered by way of a short form prospectus in each province of Canada, other than Quebec, and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
Forward-Looking Statement
This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict, which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. In this news release, statements about completion of the announced financing and final proceeds are examples of forward-looking statements. There is no guarantee that the announced financing will receive all final approvals and be completed at all. Forward-looking statements speak only as of the date on which they are made. The Company undertakes no obligation to publicly update any such statement or reflect new information or the occurrence of future events or circumstances, except where required by securities regulations. Accordingly, readers should not place undue reliance on forward-looking statements.