Short Interest in First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Drops By 65.2%

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 22,544 shares, a drop of 65.2% from the February 26th total of 64,746 shares. Based on an average trading volume of 25,356 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 25,356 shares, the days-to-cover ratio is currently 0.9 days.

First Trust Small Cap Core AlphaDEX Fund Trading Up 0.8%

First Trust Small Cap Core AlphaDEX Fund stock opened at $119.52 on Wednesday. The stock has a 50-day moving average price of $121.42 and a two-hundred day moving average price of $114.85. The company has a market capitalization of $1.01 billion, a PE ratio of 13.79 and a beta of 1.14. First Trust Small Cap Core AlphaDEX Fund has a 12 month low of $77.66 and a 12 month high of $125.83.

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

A number of hedge funds have recently modified their holdings of FYX. Morgan Stanley increased its holdings in First Trust Small Cap Core AlphaDEX Fund by 6.8% in the fourth 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 period. Royal Bank of Canada lifted its holdings in First Trust Small Cap Core AlphaDEX Fund by 13.5% during the 4th quarter. Royal Bank of Canada now owns 604,479 shares of the company’s stock worth $68,392,000 after buying an additional 71,943 shares during the period. UBS Group AG grew its position in shares of First Trust Small Cap Core AlphaDEX Fund by 35.7% in the 3rd quarter. UBS Group AG now owns 291,171 shares of the company’s stock valued at $31,732,000 after buying an additional 76,615 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 68.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 238,963 shares of the company’s stock valued at $27,037,000 after buying an additional 96,755 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 183.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 168,836 shares of the company’s stock valued at $16,424,000 after buying an additional 109,171 shares during the period.

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.