First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Short Interest Update

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 64,608 shares, a growth of 144.3% from the December 31st total of 26,444 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 35,920 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily trading volume, of 35,920 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.8% of the shares of the company are short sold.

First Trust Small Cap Core AlphaDEX Fund Price Performance

Shares of FYX traded down $0.90 during midday trading on Friday, reaching $120.10. The stock had a trading volume of 12,842 shares, compared to its average volume of 35,272. First Trust Small Cap Core AlphaDEX Fund has a 52 week low of $77.66 and a 52 week high of $124.02. The company has a market capitalization of $1.01 billion, a P/E ratio of 13.79 and a beta of 1.14. The firm’s 50 day moving average price is $116.36 and its 200-day moving average price is $109.80.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

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

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

A number of institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in First Trust Small Cap Core AlphaDEX Fund by 183.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 168,836 shares of the company’s stock valued at $16,424,000 after buying an additional 109,171 shares during the period. Main Line Retirement Advisors LLC bought a new stake in First Trust Small Cap Core AlphaDEX Fund in the 4th quarter valued at $11,427,000. UBS Group AG grew its position in First Trust Small Cap Core AlphaDEX Fund by 35.7% in the third quarter. UBS Group AG now owns 291,171 shares of the company’s stock valued at $31,732,000 after purchasing an additional 76,615 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of First Trust Small Cap Core AlphaDEX Fund in the 2nd quarter valued at approximately $6,815,000. Finally, Geneos Wealth Management Inc. raised its stake in First Trust Small Cap Core AlphaDEX Fund by 315.2% in the second quarter. Geneos Wealth Management Inc. now owns 66,693 shares of the company’s stock valued at $6,488,000 after buying an additional 50,629 shares during the period.

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.