Short Interest in First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Increases By 201.2%

Key Points

• Short interest surged 201.2% to 67,341 shares as of July 31, representing about 0.7% of FYX’s shares and 2.5 days of average trading volume.
• Several institutional investors increased their positions, including Goldman Sachs, which raised its holdings by 366.6%, and Jane Street Group, which increased its stake by 707.1%.
• FYX shares rose 0.7% to $145.80, near the fund’s 52-week high, while its quarterly dividend increased to $0.4369 per share, implying a 1.2% annualized yield.

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - ) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 67,341 shares, a growth of 201.2% from the July 15th total of 22,357 shares. Approximately 0.7% of the company's stock are short sold. Based on an average daily volume of 27,330 shares, the short-interest ratio is currently 2.5 days.

Hedge Funds Weigh In On First Trust Small Cap Core AlphaDEX Fund

A number of large 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 purchasing an additional 16,217 shares during the period. Jane Street Group LLC increased its stake in First Trust Small Cap Core AlphaDEX Fund by 707.1% in the 1st quarter. Jane Street Group LLC now owns 32,560 shares of the company's stock valued at $2,933,000 after buying an additional 28,526 shares during the period. Captrust Financial Advisors increased its stake in First Trust Small Cap Core AlphaDEX Fund by 2.5% in the 2nd quarter. Captrust Financial Advisors now owns 6,321 shares of the company's stock valued at $615,000 after buying an additional 157 shares during the period. JPMorgan Chase & Co. lifted its position in First Trust Small Cap Core AlphaDEX Fund by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,269 shares of the company's stock worth $4,716,000 after buying an additional 715 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its position in First Trust Small Cap Core AlphaDEX Fund by 5.0% in the 3rd quarter. Cresset Asset Management LLC now owns 2,482 shares of the company's stock worth $271,000 after buying an additional 119 shares in the last quarter.

First Trust Small Cap Core AlphaDEX Fund Stock Up 0.7%

Shares of First Trust Small Cap Core AlphaDEX Fund stock traded up $1.06 during midday trading on Thursday, hitting $145.80. The company's stock had a trading volume of 29,487 shares, compared to its average volume of 32,436. First Trust Small Cap Core AlphaDEX Fund has a 1-year low of $102.25 and a 1-year high of $147.18. The firm has a market capitalization of $1.41 billion, a P/E ratio of 13.79 and a beta of 1.06. The stock has a 50-day simple moving average of $141.13 and a 200-day simple moving average of $131.01.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

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

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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