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

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 64,746 shares, an increase of 55.9% from the February 12th total of 41,529 shares. Based on an average trading volume of 21,153 shares, the days-to-cover ratio is presently 3.1 days. Approximately 0.8% of the shares of the stock are short sold. Approximately 0.8% of the shares of the stock are short sold. Based on an average trading volume of 21,153 shares, the days-to-cover ratio is presently 3.1 days.

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

A number of institutional investors and hedge funds have recently modified their holdings of FYX. Catalyst Investment Management LLC bought a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the 4th quarter worth $1,654,000. Axxcess Wealth Management LLC acquired a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the fourth quarter worth $529,000. Troutman Wealth Management LLC purchased a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the fourth quarter valued at $3,659,000. NewEdge Advisors LLC lifted its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 370.2% during the fourth quarter. NewEdge Advisors LLC now owns 4,848 shares of the company’s stock valued at $548,000 after purchasing an additional 3,817 shares during the last quarter. Finally, Crusonia Wealth Advisors LLC acquired a new position in shares of First Trust Small Cap Core AlphaDEX Fund in the 4th quarter valued at $8,307,000.

First Trust Small Cap Core AlphaDEX Fund Stock Performance

Shares of NASDAQ:FYX traded down $0.16 during trading hours on Friday, hitting $116.44. 7,346 shares of the company’s stock traded hands, compared to its average volume of 31,158. The company’s fifty day simple moving average is $121.48 and its two-hundred day simple moving average is $114.30. The company has a market cap of $983.92 million, a price-to-earnings ratio of 13.79 and a beta of 1.14. First Trust Small Cap Core AlphaDEX Fund has a 52 week low of $77.66 and a 52 week high of $125.83.

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.