Short Interest in First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Declines By 53.3%

Key Points

• Short interest in the First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) decreased by 53.3% in September, falling from 10,500 shares to 4,900 shares.
• The fund recently increased its quarterly dividend to $0.2692, representing an annualized dividend of $1.08 and a yield of 1.0%.
• Institutional investors are actively increasing their positions in FYX, with LPL Financial LLC and Northwestern Mutual Wealth Management Co. notably raising their stakes significantly during recent quarters.

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - ) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 4,900 shares, a drop of 53.3% from the September 15th total of 10,500 shares. Based on an average daily trading volume, of 16,600 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 16,600 shares, the short-interest ratio is presently 0.3 days.

First Trust Small Cap Core AlphaDEX Fund Price Performance

Shares of FYX stock traded up $1.96 on Monday, hitting $110.55. 7,223 shares of the stock traded hands, compared to its average volume of 25,402. The company has a market capitalization of $900.98 million, a PE ratio of 13.79 and a beta of 1.27. The company's fifty day moving average is $107.60 and its 200 day moving average is $98.24. First Trust Small Cap Core AlphaDEX Fund has a 1-year low of $77.66 and a 1-year high of $111.87.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a $0.2692 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.0%. This is an increase from First Trust Small Cap Core AlphaDEX Fund's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, September 25th.

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

Several hedge funds have recently made changes to their positions in FYX. LPL Financial LLC raised its stake in First Trust Small Cap Core AlphaDEX Fund by 1.4% during the 1st quarter. LPL Financial LLC now owns 602,895 shares of the company's stock valued at $54,315,000 after purchasing an additional 8,238 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in First Trust Small Cap Core AlphaDEX Fund by 183.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 168,836 shares of the company's stock valued at $16,424,000 after acquiring an additional 109,171 shares in the last quarter. Cetera Investment Advisers lifted its position in First Trust Small Cap Core AlphaDEX Fund by 43.0% in the 1st quarter. Cetera Investment Advisers now owns 139,804 shares of the company's stock worth $12,595,000 after buying an additional 42,061 shares in the last quarter. Main Line Retirement Advisors LLC grew its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 0.6% during the 1st quarter. Main Line Retirement Advisors LLC now owns 113,690 shares of the company's stock valued at $10,242,000 after acquiring an additional 637 shares in the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 12.4% in the second quarter. Baird Financial Group Inc. now owns 94,701 shares of the company's stock worth $9,213,000 after acquiring an additional 10,468 shares during 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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