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

Key Points

• Short interest surged 262.3% — short interest rose to 45,139 shares as of April 15 (up from 12,459 on March 31), representing about 0.5% of shares and a days-to-cover of 0.7.
• Large institutional buying — Goldman Sachs increased its stake by 366.6% to 20,641 shares and Jane Street raised its holding by 707.1% to 32,560 shares in recent quarters.
• Price and dividend update — FYX traded at $131.98 (up 0.8%), has a market cap of $1.19B and a PE of 13.79, and paid a quarterly dividend of $0.2029 (annualized $0.81, ~0.6% yield).

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - ) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 45,139 shares, a growth of 262.3% from the March 31st total of 12,459 shares. Based on an average daily volume of 61,687 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the company's stock are short sold.

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

A number of institutional investors have recently made changes to their positions in FYX. Goldman Sachs Group Inc. boosted its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 366.6% during the first quarter. Goldman Sachs Group Inc. now owns 20,641 shares of the company's stock worth $1,860,000 after acquiring an additional 16,217 shares during the period. Jane Street Group LLC boosted its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 707.1% during the first quarter. Jane Street Group LLC now owns 32,560 shares of the company's stock worth $2,933,000 after acquiring an additional 28,526 shares during the period. Captrust Financial Advisors boosted its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 2.5% during the second quarter. Captrust Financial Advisors now owns 6,321 shares of the company's stock worth $615,000 after acquiring an additional 157 shares during the period. Silver Oak Securities Incorporated boosted its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 1.7% during the third quarter. Silver Oak Securities Incorporated now owns 30,959 shares of the company's stock worth $3,374,000 after acquiring an additional 520 shares during the period. Finally, Daymark Wealth Partners LLC boosted its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 4.9% during the third quarter. Daymark Wealth Partners LLC now owns 8,102 shares of the company's stock worth $883,000 after acquiring an additional 379 shares during the period.

First Trust Small Cap Core AlphaDEX Fund Stock Up 0.8%

Shares of NASDAQ:FYX traded up $1.10 during midday trading on Friday, reaching $131.98. The company had a trading volume of 52,429 shares, compared to its average volume of 36,084. The business's 50 day moving average price is $122.87 and its 200 day moving average price is $117.31. The stock has a market cap of $1.19 billion, a PE ratio of 13.79 and a beta of 1.06. First Trust Small Cap Core AlphaDEX Fund has a 1-year low of $85.05 and a 1-year high of $133.76.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

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

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.

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