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

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

Institutional Trading of First Trust Small Cap Core AlphaDEX Fund

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

First Trust Small Cap Core AlphaDEX Fund Stock Performance

Shares of NASDAQ FYX opened at $98.34 on Monday. The stock has a market cap of $904.73 million, a P/E ratio of 11.51 and a beta of 1.27. The firm has a 50 day moving average price of $97.86 and a two-hundred day moving average price of $94.10. First Trust Small Cap Core AlphaDEX Fund has a 52-week low of $74.46 and a 52-week high of $101.99.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The business also recently announced 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 is a positive change from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.37. This represents a $2.06 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Thursday, September 26th.

About First Trust Small Cap Core AlphaDEX Fund

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.