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

Key Points

• Short interest dropped 44.7% to 12,459 shares as of March 31, equal to about 0.1% of shares outstanding and a days-to-cover ratio of 0.4.
• FYX traded up to $126.97 (near its 52-week high of $126.94) and the fund has a market capitalization of $1.13 billion and a P/E of 13.79.
• The fund paid a quarterly dividend of $0.2029 (annualized $0.81), implying a yield of approximately 0.6%.

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - ) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 12,459 shares, a decline of 44.7% from the March 15th total of 22,544 shares. Based on an average daily volume of 29,611 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

First Trust Small Cap Core AlphaDEX Fund Stock Up 1.3%

FYX traded up $1.60 during trading hours on Monday, reaching $126.97. 14,146 shares of the company's stock traded hands, compared to its average volume of 34,792. The firm has a 50-day moving average price of $121.48 and a 200 day moving average price of $115.96. First Trust Small Cap Core AlphaDEX Fund has a 52-week low of $81.44 and a 52-week high of $126.94. The firm has a market capitalization of $1.13 billion, a PE ratio of 13.79 and a beta of 1.06.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

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

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

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its position in First Trust Small Cap Core AlphaDEX Fund by 50.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 8,933 shares of the company's stock valued at $1,011,000 after purchasing an additional 2,980 shares in the last quarter. Catalyst Investment Management LLC bought a new stake in First Trust Small Cap Core AlphaDEX Fund during the 4th quarter valued at $1,654,000. Axxcess Wealth Management LLC bought a new stake in First Trust Small Cap Core AlphaDEX Fund during the 4th quarter valued at $529,000. Troutman Wealth Management LLC bought a new stake in First Trust Small Cap Core AlphaDEX Fund during the 4th quarter valued at $3,659,000. Finally, NewEdge Advisors LLC raised its position in First Trust Small Cap Core AlphaDEX Fund by 370.2% during the 4th quarter. NewEdge Advisors LLC now owns 4,848 shares of the company's stock valued at $548,000 after purchasing an additional 3,817 shares in the last quarter.

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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