First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Short Interest Down 74.4% in May

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 16,270 shares, a decrease of 74.4% from the April 30th total of 63,666 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 38,073 shares, the days-to-cover ratio is presently 0.4 days.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Cresset Asset Management LLC increased its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 5.0% in the third quarter. Cresset Asset Management LLC now owns 2,482 shares of the company’s stock valued at $271,000 after purchasing an additional 119 shares during the period. NBT Bank N A NY increased its holdings in shares of 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 purchasing an additional 144 shares during the period. Kestra Private Wealth Services LLC increased its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 5.5% in the fourth quarter. Kestra Private Wealth Services LLC now owns 2,791 shares of the company’s stock valued at $316,000 after purchasing an additional 146 shares during the period. Mariner LLC grew its holdings in First Trust Small Cap Core AlphaDEX Fund by 4.4% during the third quarter. Mariner LLC now owns 3,672 shares of the company’s stock worth $400,000 after acquiring an additional 154 shares during the period. Finally, Captrust Financial Advisors grew its holdings in First Trust Small Cap Core AlphaDEX Fund by 2.5% during the second quarter. Captrust Financial Advisors now owns 6,321 shares of the company’s stock worth $615,000 after acquiring an additional 157 shares during the period.

First Trust Small Cap Core AlphaDEX Fund Price Performance

Shares of NASDAQ:FYX traded down $1.04 during trading on Friday, hitting $134.40. The company’s stock had a trading volume of 29,203 shares, compared to its average volume of 35,279. The company has a 50-day moving average of $127.51 and a 200-day moving average of $120.95. First Trust Small Cap Core AlphaDEX Fund has a 12 month low of $91.11 and a 12 month high of $136.27. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 13.79 and a beta of 1.08.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.2029 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.81 dividend on an annualized basis and a yield of 0.6%.

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.