First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Sees Significant Drop in Short Interest

() experienced a significant decline in short interest during the month of March. On April 30, there were 2,500 short shares. This is a decrease of 10.7% compared to the total of 2,800 on April 15. The days-to-cover is currently 0.1 days based on an average daily share volume of 31200 shares.

Hedge Funds weigh in on First Trust Small Cap Core AlphaDEX Fund

A number of institutional investors recently changed their positions on FYX. Keystone Wealth Services LLC increased its stake in First Trust Small Cap Core AlphaDEX Fund shares by 1.6% during the fourth quarter. Keystone Wealth Services LLC owns 7,936 of the company stock, worth $623,000, after buying an additional 125 share during the last quarter. FMR LLC increased its position in First Trust Small Cap Core AlphaDEX Fund in the first quarter by 21.6%. FMR LLC owns 759 of the company’s shares valued at $61,000, after purchasing an additional 135 during the last quarter. Chicago Partners Investment Group LLC increased its position in First Trust Small Cap Core AlphaDEX Fund in the fourth quarter by 0.3%. Chicago Partners Investment Group LLC owns 52127 shares worth $4,621,000, after purchasing 142 additional shares in the last quarter. AE Wealth Management LLC increased its position in First Trust Small Cap Core AlphaDEX Fund in the third quarter by 4.1%. AE Wealth Management LLC owns 4,574 of the company’s shares valued at $333,000, after purchasing 182 additional shares in the last quarter. DHJJ Financial Advisors Ltd. increased its holdings of First Trust Small Cap Core AlphaDEX Fund shares by 3.8% during the first quarter. Trading on Tuesday saw a decline of $0.94, bringing the price to $75.68. Stock of the company traded at 161,497 shares compared to an average of 37,481. First Trust Small Cap Core AlphaDEX Fund's 12-month low is $72.24 while its 12-month high is $90.42. The fifty-day moving price of the stock is $78.44, and its 200 day moving price is $81.92. The company has a $745.45-million market capitalization, a P/E of 9.63, and a beta value of 1.27.

First Trust AlphaDEX Small Cap Fund Reduces Dividend

A quarterly dividend was also paid by the company on March 31st. Dividends of $0.218 were paid to stockholders who had their shares in the company's records on Monday, 27th March. This dividend became payable on Friday, March 24, 2019. This is a $0.87 dividend annualized and a yield of 1.15 percent.

First Trust Small-Cap Core AlphaDEX Fund

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First Trust Small Cap Core AlphaDEX Fund is an exchange traded fund that tracks the NASDAQ AlphaDEX Small Cap Core Index. The fund tracks a small-cap index selected on the basis of quantitatively driven value and growth factors. FYX, which was launched by First Trust on May 8, 2007, is managed.

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