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

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) saw a significant drop in short interest in October. As of October 15th, there was short interest totalling 6,800 shares, a drop of 22.7% from the September 30th total of 8,800 shares. Based on an average daily trading volume, of 20,300 shares, the short-interest ratio is presently 0.3 days.

First Trust Small Cap Core AlphaDEX Fund Stock Up 0.5 %

Shares of FYX stock traded up $0.48 on Wednesday, reaching $99.77. 9,229 shares of the stock were exchanged, compared to its average volume of 24,700. First Trust Small Cap Core AlphaDEX Fund has a 1-year low of $75.18 and a 1-year high of $101.99. The stock has a market cap of $917.88 million, a P/E ratio of 11.51 and a beta of 1.27. The firm has a 50 day moving average of $98.01 and a two-hundred day moving average of $94.25.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.516 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.07%. This is a boost from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On First Trust Small Cap Core AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FYX. International Assets Investment Management LLC purchased a new position in First Trust Small Cap Core AlphaDEX Fund in the 2nd quarter valued at about $39,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in First Trust Small Cap Core AlphaDEX Fund in the second quarter valued at about $106,000. GAMMA Investing LLC increased its holdings in First Trust Small Cap Core AlphaDEX Fund by 263.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,405 shares of the company’s stock worth $127,000 after purchasing an additional 1,018 shares during the last quarter. Kings Path Partners LLC purchased a new stake in First Trust Small Cap Core AlphaDEX Fund during the 2nd quarter worth approximately $147,000. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the 3rd quarter valued at approximately $206,000.

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.