Short Interest in First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Decreases By 65.7%

by · The Cerbat Gem

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX – Get Free Report) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 23,065 shares, a decrease of 65.7% from the July 30th total of 67,341 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 31,850 shares, the days-to-cover ratio is presently 0.7 days.

First Trust Small Cap Core AlphaDEX Fund Price Performance

Shares of FYX traded down $1.17 during mid-day trading on Friday, reaching $142.45. The company’s stock had a trading volume of 157,430 shares, compared to its average volume of 32,701. First Trust Small Cap Core AlphaDEX Fund has a 12-month low of $103.42 and a 12-month high of $147.18. The stock has a market cap of $1.37 billion, a PE ratio of 13.79 and a beta of 1.06. The company’s 50 day moving average is $142.77 and its 200 day moving average is $132.77.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.4369 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 1.2%. This is a positive change from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Trading of First Trust Small Cap Core AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FYX. Royal Bank of Canada lifted its position in shares of First Trust Small Cap Core AlphaDEX Fund by 17.2% during the 1st quarter. Royal Bank of Canada now owns 708,400 shares of the company’s stock worth $84,550,000 after buying an additional 103,921 shares during the last quarter. Morgan Stanley grew its position in shares of First Trust Small Cap Core AlphaDEX Fund by 6.8% in the 4th quarter. Morgan Stanley now owns 667,395 shares of the company’s stock valued at $75,510,000 after buying an additional 42,502 shares during the last quarter. UBS Group AG grew its position in shares of First Trust Small Cap Core AlphaDEX Fund by 35.7% in the 3rd quarter. UBS Group AG now owns 291,171 shares of the company’s stock valued at $31,732,000 after buying an additional 76,615 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of First Trust Small Cap Core AlphaDEX Fund by 6.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 253,525 shares of the company’s stock valued at $30,259,000 after buying an additional 14,562 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in First Trust Small Cap Core AlphaDEX Fund by 25.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 107,601 shares of the company’s stock worth $15,526,000 after acquiring an additional 22,084 shares in the last quarter.

About First Trust Small Cap Core AlphaDEX Fund

(Get Free Report)

The First Trust Small Cap Core AlphaDEX Fund (FYX) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Small Cap Core index. The fund tracks an index of small-cap stocks selected based on quantitatively driven growth and value factors. FYX was launched on May 8, 2007 and is managed by First Trust.

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