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

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 16,270 shares, a decline of 74.4% from the April 30th total of 63,666 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 38,073 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Small Cap Core AlphaDEX Fund Stock Down 0.9%

Shares of NASDAQ:FYX traded down $1.16 during midday trading on Friday, reaching $134.28. 29,209 shares of the company traded hands, compared to its average volume of 35,296. First Trust Small Cap Core AlphaDEX Fund has a 12 month low of $91.11 and a 12 month high of $136.27. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 13.79 and a beta of 1.08. The firm’s fifty day moving average price is $127.85 and its two-hundred day moving average price is $121.04.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.2029 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, March 26th.

Institutional Trading of First Trust Small Cap Core AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NBT Bank N A NY raised its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 127.4% during the 1st quarter. NBT Bank N A NY now owns 257 shares of the company’s stock valued at $31,000 after purchasing an additional 144 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 67.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 405 shares of the company’s stock valued at $46,000 after purchasing an additional 163 shares during the period. Sound Income Strategies LLC bought a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the 4th quarter valued at $161,000. Sagespring Wealth Partners LLC bought a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the 4th quarter valued at $203,000. Finally, Wedbush Securities Inc. bought a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the 3rd quarter valued at $205,000.

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.