Short Interest in First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Decreases By 65.7%

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 23,065 shares, a decline of 65.7% from the July 30th total of 67,341 shares. Based on an average daily volume of 31,850 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the shares of the stock are short sold.

First Trust Small Cap Core AlphaDEX Fund Stock Performance

First Trust Small Cap Core AlphaDEX Fund stock opened at $142.45 on Friday. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 13.79 and a beta of 1.06. First Trust Small Cap Core AlphaDEX Fund has a 1 year low of $103.42 and a 1 year high of $147.18. The firm’s 50 day moving average price is $142.84 and its two-hundred day moving average price is $132.83.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.4369 per share. This represents a $1.75 dividend on an annualized basis 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 of this dividend was Thursday, June 25th.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cresset Asset Management LLC raised its position in shares of First Trust Small Cap Core AlphaDEX Fund by 5.0% during the third quarter. Cresset Asset Management LLC now owns 2,482 shares of the company’s stock valued at $271,000 after buying an additional 119 shares during the last quarter. NBT Bank N A NY grew its position in First Trust Small Cap Core AlphaDEX Fund by 127.4% during the first quarter. NBT Bank N A NY now owns 257 shares of the company’s stock worth $31,000 after buying an additional 144 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in First Trust Small Cap Core AlphaDEX Fund by 5.5% during the fourth quarter. Kestra Private Wealth Services LLC now owns 2,791 shares of the company’s stock worth $316,000 after buying an additional 146 shares in the last quarter. Mariner LLC increased its stake 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 valued at $400,000 after acquiring an additional 154 shares during the period. Finally, Captrust Financial Advisors increased its stake 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 valued at $615,000 after acquiring an additional 157 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.