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

Key Points

• Short interest plunged 65.7% in August to 23,065 shares, representing just 0.2% of FYX’s outstanding stock and 0.7 days of average trading volume.
• Several institutional investors increased their positions, including Royal Bank of Canada, Janney Montgomery Scott, UBS Group, and Morgan Stanley; Crusonia Wealth Advisors also initiated a new position.
• FYX shares fell 0.8% to $142.45, while the fund raised its quarterly dividend to $0.4369 from $0.20, implying an annualized dividend of $1.75 and a 1.2% yield.

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - ) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 23,065 shares, a decrease of 65.7% from the July 30th total of 67,341 shares. Based on an average daily trading volume, of 31,850 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the company's stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 17.2% during the first quarter. Royal Bank of Canada now owns 708,400 shares of the company's stock worth $84,550,000 after buying an additional 103,921 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of First Trust Small Cap Core AlphaDEX Fund by 68.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 238,963 shares of the company's stock worth $27,037,000 after purchasing an additional 96,755 shares during the last quarter. UBS Group AG lifted its position in shares of First Trust Small Cap Core AlphaDEX Fund by 35.7% during the 3rd quarter. UBS Group AG now owns 291,171 shares of the company's stock worth $31,732,000 after purchasing an additional 76,615 shares during the last quarter. Crusonia Wealth Advisors LLC acquired a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the fourth quarter worth $8,307,000. Finally, Morgan Stanley grew its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 6.8% during the fourth quarter. Morgan Stanley now owns 667,395 shares of the company's stock worth $75,510,000 after purchasing an additional 42,502 shares in the last quarter.

First Trust Small Cap Core AlphaDEX Fund Stock Down 0.8%

FYX stock traded down $1.17 during midday trading on Friday, hitting $142.45. The company's stock had a trading volume of 157,430 shares, compared to its average volume of 32,701. First Trust Small Cap Core AlphaDEX Fund has a 52-week low of $103.42 and a 52-week high of $147.18. The firm has a market capitalization of $1.37 billion, a P/E ratio of 13.79 and a beta of 1.06. The firm has a 50-day simple moving average of $142.77 and a 200-day simple moving average of $132.77.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.4369 dividend. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust Small Cap Core AlphaDEX Fund's previous quarterly dividend of $0.20. This represents a $1.75 annualized dividend and a dividend yield of 1.2%.

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.

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