Short Interest in First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Drops By 12.5%

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 56,504 shares, a decline of 12.5% from the January 15th total of 64,608 shares. Based on an average daily volume of 34,688 shares, the short-interest ratio is currently 1.6 days. Currently, 0.7% of the shares of the company are short sold. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 34,688 shares, the short-interest ratio is currently 1.6 days.

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

Several institutional investors have recently made changes to their positions in FYX. Private Trust Co. NA grew its position in First Trust Small Cap Core AlphaDEX Fund by 3.6% during the second quarter. Private Trust Co. NA now owns 3,080 shares of the company’s stock valued at $300,000 after buying an additional 107 shares during the period. Cresset Asset Management LLC grew its position in shares of First Trust Small Cap Core AlphaDEX Fund by 5.0% during the 3rd quarter. Cresset Asset Management LLC now owns 2,482 shares of the company’s stock valued at $271,000 after acquiring an additional 119 shares during the period. Venture Visionary Partners LLC increased its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 5.4% in the 3rd quarter. Venture Visionary Partners LLC now owns 2,465 shares of the company’s stock worth $269,000 after purchasing an additional 126 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 5.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 2,791 shares of the company’s stock worth $316,000 after purchasing an additional 146 shares in the last quarter. Finally, Mariner LLC raised its holdings in First Trust Small Cap Core AlphaDEX Fund by 4.4% in the 3rd quarter. Mariner LLC now owns 3,672 shares of the company’s stock worth $400,000 after purchasing an additional 154 shares during the period.

First Trust Small Cap Core AlphaDEX Fund Price Performance

FYX stock opened at $124.17 on Tuesday. First Trust Small Cap Core AlphaDEX Fund has a 1 year low of $77.66 and a 1 year high of $125.83. The company has a market cap of $1.05 billion, a P/E ratio of 13.79 and a beta of 1.14. The stock’s fifty day moving average price is $118.82 and its 200-day moving average price is $111.76.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.3713 per share. The ex-dividend date was Friday, December 12th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.27.

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.