First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Sees Significant Increase in Short Interest

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 67,341 shares, an increase of 201.2% from the July 15th total of 22,357 shares. Based on an average daily trading volume, of 27,330 shares, the days-to-cover ratio is currently 2.5 days. Currently, 0.7% of the shares of the stock are sold short.

First Trust Small Cap Core AlphaDEX Fund Price Performance

Shares of NASDAQ:FYX traded up $0.57 on Friday, hitting $146.37. The company’s stock had a trading volume of 12,269 shares, compared to its average volume of 32,305. The company has a 50-day simple moving average of $141.33 and a 200 day simple moving average of $131.18. First Trust Small Cap Core AlphaDEX Fund has a 1 year low of $102.25 and a 1 year high of $147.18. The company has a market capitalization of $1.41 billion, a PE ratio of 13.79 and a beta of 1.06.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

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

Institutional Trading of First Trust Small Cap Core AlphaDEX Fund

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in First Trust Small Cap Core AlphaDEX Fund by 17.2% in the first quarter. Royal Bank of Canada now owns 708,400 shares of the company’s stock valued at $84,550,000 after acquiring an additional 103,921 shares during the last quarter. Morgan Stanley increased its position in shares of First Trust Small Cap Core AlphaDEX Fund by 6.8% during the 4th quarter. Morgan Stanley now owns 667,395 shares of the company’s stock valued at $75,510,000 after purchasing an additional 42,502 shares during the last quarter. UBS Group AG increased its position in shares of First Trust Small Cap Core AlphaDEX Fund by 35.7% during the 3rd quarter. UBS Group AG now owns 291,171 shares of the company’s stock valued at $31,732,000 after purchasing an additional 76,615 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in First Trust Small Cap Core AlphaDEX Fund by 6.1% in the first quarter. Janney Montgomery Scott LLC now owns 253,525 shares of the company’s stock worth $30,259,000 after buying an additional 14,562 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in First Trust Small Cap Core AlphaDEX Fund by 17.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 103,303 shares of the company’s stock worth $11,688,000 after buying an additional 15,162 shares in the last quarter.

First Trust Small Cap Core AlphaDEX Fund Company Profile

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.