Short Interest in First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Grows By 55.9%

Key Points

• Short interest in FYX jumped 55.9% in February to 64,746 shares (about 0.8% of shares outstanding), with a days-to-cover ratio of 3.1.
• Institutional buyers ramped up exposure: Goldman Sachs increased its stake 366.6% to 20,641 shares and Jane Street grew its position 707.1% to 32,560 shares.
• FYX traded at $116.44 midday, with a market capitalization of about $983.9M, a 12‑month range of $77.66–$125.83, and a P/E of 13.79.

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - ) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 64,746 shares, a growth of 55.9% from the February 12th total of 41,529 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 21,153 shares, the days-to-cover ratio is currently 3.1 days. Based on an average daily trading volume, of 21,153 shares, the days-to-cover ratio is currently 3.1 days. Approximately 0.8% of the shares of the company are short sold.

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

A number of institutional investors have recently added to or reduced their stakes in FYX. Goldman Sachs Group Inc. lifted its position in shares of First Trust Small Cap Core AlphaDEX Fund by 366.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,641 shares of the company's stock worth $1,860,000 after buying an additional 16,217 shares during the period. Jane Street Group LLC grew its position in First Trust Small Cap Core AlphaDEX Fund by 707.1% in the first quarter. Jane Street Group LLC now owns 32,560 shares of the company's stock valued at $2,933,000 after acquiring an additional 28,526 shares during the period. MTM Investment Management LLC grew its position in First Trust Small Cap Core AlphaDEX Fund by 3.6% in the second quarter. MTM Investment Management LLC now owns 35,223 shares of the company's stock valued at $3,426,000 after acquiring an additional 1,229 shares during the period. Western Wealth Management LLC raised its stake in First Trust Small Cap Core AlphaDEX Fund by 2.6% during the second quarter. Western Wealth Management LLC now owns 27,752 shares of the company's stock worth $2,700,000 after acquiring an additional 714 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. bought a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the second quarter valued at $207,000.

First Trust Small Cap Core AlphaDEX Fund Stock Performance

Shares of NASDAQ:FYX traded down $0.16 during midday trading on Friday, reaching $116.44. 7,346 shares of the company's stock were exchanged, compared to its average volume of 31,158. The company's 50 day simple moving average is $121.48 and its two-hundred day simple moving average is $114.25. First Trust Small Cap Core AlphaDEX Fund has a 12 month low of $77.66 and a 12 month high of $125.83. The firm has a market capitalization of $983.92 million, a PE ratio of 13.79 and a beta of 1.14.

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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