First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Sees Large Increase in Short Interest

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

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

A number of large investors have recently bought and sold shares of FYX. Northwestern Mutual Wealth Management Co. increased its holdings in First Trust Small Cap Core AlphaDEX Fund by 183.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 168,836 shares of the company’s stock valued at $16,424,000 after purchasing an additional 109,171 shares in the last quarter. Main Line Retirement Advisors LLC bought a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the fourth quarter worth $11,427,000. UBS Group AG increased its stake in shares of 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 buying an additional 76,615 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of First Trust Small Cap Core AlphaDEX Fund in the second quarter valued at about $6,815,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of 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 last quarter.

First Trust Small Cap Core AlphaDEX Fund Price Performance

Shares of FYX traded up $0.47 during trading hours on Thursday, hitting $120.74. The stock had a trading volume of 58,843 shares, compared to its average volume of 36,372. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 13.79 and a beta of 1.14. The company’s fifty day moving average is $115.75 and its two-hundred day moving average is $109.59. First Trust Small Cap Core AlphaDEX Fund has a 52 week low of $77.66 and a 52 week high of $124.02.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

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

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.