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

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 12,000 shares, a drop of 42.0% from the January 31st total of 20,700 shares. Based on an average trading volume of 25,000 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Small Cap Core AlphaDEX Fund Price Performance

NASDAQ FYX traded up $1.03 during trading on Friday, hitting $96.40. The company’s stock had a trading volume of 13,908 shares, compared to its average volume of 26,472. The company has a market cap of $910.98 million, a PE ratio of 11.51 and a beta of 1.27. The business’s 50 day simple moving average is $101.30 and its 200-day simple moving average is $101.20. First Trust Small Cap Core AlphaDEX Fund has a fifty-two week low of $86.07 and a fifty-two week high of $111.87.

First Trust Small Cap Core AlphaDEX Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.6219 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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

Several institutional investors have recently added to or reduced their stakes in FYX. Raymond James Financial Inc. acquired a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the fourth quarter worth about $44,857,000. LPL Financial LLC lifted its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 13.9% during the fourth quarter. LPL Financial LLC now owns 594,657 shares of the company’s stock worth $60,096,000 after purchasing an additional 72,392 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 49.6% during the fourth quarter. JPMorgan Chase & Co. now owns 129,585 shares of the company’s stock worth $13,096,000 after purchasing an additional 42,948 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 9,853.0% during the third quarter. International Assets Investment Management LLC now owns 42,798 shares of the company’s stock worth $4,260,000 after purchasing an additional 42,368 shares during the period. Finally, Independent Advisor Alliance acquired a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the fourth quarter worth about $3,672,000.

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.