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 recipient of a significant increase in short interest in the month of 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. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 27,330 shares, the short-interest ratio is presently 2.5 days.

Hedge Funds Weigh In On 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. NBT Bank N A NY raised its holdings 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 worth $31,000 after acquiring an additional 144 shares in the last quarter. First Bancorp Inc ME bought a new stake in First Trust Small Cap Core AlphaDEX Fund in the second quarter worth $43,000. Beto Financial Group LLC bought a new stake in First Trust Small Cap Core AlphaDEX Fund in the fourth quarter worth $216,000. Summit Wealth Group LLC Co. bought a new stake in First Trust Small Cap Core AlphaDEX Fund in the fourth quarter worth $225,000. Finally, Boston Standard Wealth Management LLC purchased a new stake in First Trust Small Cap Core AlphaDEX Fund during the second quarter valued at $233,000.

First Trust Small Cap Core AlphaDEX Fund Stock Up 0.1%

FYX stock traded up $0.09 during mid-day trading on Friday, hitting $145.89. The company had a trading volume of 13,589 shares, compared to its average volume of 32,314. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 13.79 and a beta of 1.06. First Trust Small Cap Core AlphaDEX Fund has a 12-month low of $102.25 and a 12-month high of $147.18. The company has a 50-day moving average price of $141.58 and a 200 day moving average price of $131.29.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.4369 dividend. This represents a $1.75 annualized dividend and a dividend 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.

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.