Short Interest in First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Drops By 54.4%

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 15,358 shares, a decrease of 54.4% from the June 15th total of 33,664 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 28,115 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Small Cap Core AlphaDEX Fund Trading Up 1.1%

NASDAQ:FYX traded up $1.57 during trading hours on Thursday, hitting $143.60. The stock had a trading volume of 28,096 shares, compared to its average volume of 32,713. First Trust Small Cap Core AlphaDEX Fund has a 1-year low of $95.31 and a 1-year high of $145.45. The business has a 50 day simple moving average of $136.81 and a two-hundred day simple moving average of $127.44. The company has a market cap of $1.38 billion, a PE ratio of 13.79 and a beta of 1.05.

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 paid a $0.4369 dividend. This represents a $1.75 annualized dividend and a dividend yield of 1.2%. This is a boost from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, June 25th.

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

Large investors have recently added to or reduced their stakes in the company. NBT Bank N A NY boosted its position in First Trust Small Cap Core AlphaDEX Fund by 127.4% in the 1st quarter. NBT Bank N A NY now owns 257 shares of the company’s stock valued at $31,000 after buying an additional 144 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 67.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 405 shares of the company’s stock worth $46,000 after acquiring an additional 163 shares in the last quarter. Sound Income Strategies LLC acquired a new position in shares of First Trust Small Cap Core AlphaDEX Fund in the fourth quarter worth about $161,000. Boston Standard Wealth Management LLC purchased a new position in First Trust Small Cap Core AlphaDEX Fund in the second quarter valued at about $233,000. Finally, Fulcrum Equity Management purchased a new position in First Trust Small Cap Core AlphaDEX Fund in the second quarter valued at about $247,000.

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.