Short Interest in First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Increases By 201.2%

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) was the target of a significant increase in short interest in 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. Based on an average trading volume of 27,330 shares, the short-interest ratio is presently 2.5 days. Currently, 0.7% of the company’s stock are short sold.

First Trust Small Cap Core AlphaDEX Fund Price Performance

FYX traded up $1.06 during trading on Thursday, reaching $145.80. 29,487 shares of the stock traded hands, compared to its average volume of 32,436. The stock’s 50-day simple moving average is $141.13 and its two-hundred day simple moving average is $131.01. First Trust Small Cap Core AlphaDEX Fund has a fifty-two week low of $102.25 and a fifty-two week high of $147.18. The stock has a market cap 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.4369 per share. The ex-dividend date was Thursday, June 25th. 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.

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

Several large investors have recently made changes to their positions in FYX. NBT Bank N A NY lifted its stake in First Trust Small Cap Core AlphaDEX Fund by 127.4% in the first quarter. NBT Bank N A NY now owns 257 shares of the company’s stock valued at $31,000 after acquiring an additional 144 shares during the last quarter. Beto Financial Group LLC acquired a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the 4th quarter worth $216,000. Summit Wealth Group LLC Co. bought a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the 4th quarter valued at $225,000. Boston Standard Wealth Management LLC bought a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the 2nd quarter valued at $233,000. Finally, Arax Advisory Partners acquired a new stake in shares of First Trust Small Cap Core AlphaDEX Fund in the 4th quarter valued at $238,000.

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.