Short Interest in First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Increases By 106.4%

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 47,598 shares, an increase of 106.4% from the August 15th total of 23,065 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 37,128 shares, the days-to-cover ratio is currently 1.3 days.

First Trust Small Cap Core AlphaDEX Fund Stock Performance

FYX stock traded down $0.35 during mid-day trading on Tuesday, hitting $139.05. The company had a trading volume of 67,579 shares, compared to its average volume of 32,401. The firm has a market cap of $1.25 billion, a PE ratio of 13.79 and a beta of 1.05. 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’s fifty day moving average price is $142.59 and its two-hundred day moving average price is $134.30.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The business 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 is a boost 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. This represents a $1.75 dividend on an annualized basis and a dividend yield of 1.3%.

Hedge Funds Weigh In On First Trust Small Cap Core AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of FYX. NBT Bank N A NY raised its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 127.4% during the 1st quarter. NBT Bank N A NY now owns 257 shares of the company’s stock valued at $31,000 after purchasing an additional 144 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of First Trust Small Cap Core AlphaDEX Fund by 4.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,107 shares of the company’s stock valued at $578,000 after acquiring an additional 217 shares during the last quarter. First Bancorp Inc ME bought a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the 2nd quarter valued at about $43,000. Milestones Private Investment Advisors LLC grew its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 1.9% during the first quarter. Milestones Private Investment Advisors LLC now owns 17,394 shares of the company’s stock worth $2,076,000 after purchasing an additional 326 shares in the last quarter. Finally, MCF Advisors LLC purchased a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the second quarter worth about $79,000.

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.