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

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 600 shares, a drop of 40.0% from the February 28th total of 1,000 shares. Based on an average daily volume of 26,300 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

First Trust Small Cap Core AlphaDEX Fund Price Performance

FYX stock traded down $0.50 on Monday, reaching $90.26. 11,239 shares of the company were exchanged, compared to its average volume of 26,043. First Trust Small Cap Core AlphaDEX Fund has a 12 month low of $86.07 and a 12 month high of $111.87. The firm has a market capitalization of $852.96 million, a PE ratio of 14.28 and a beta of 1.27. The stock’s fifty day moving average price is $97.71 and its 200 day moving average price is $100.69.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust Small Cap Core AlphaDEX Fund in the 3rd quarter worth approximately $85,000. B. Riley Wealth Advisors Inc. grew its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 3.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 11,383 shares of the company’s stock worth $1,118,000 after purchasing an additional 328 shares during the last quarter. Virtu Financial LLC raised its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 201.6% in the third quarter. Virtu Financial LLC now owns 36,144 shares of the company’s stock worth $3,597,000 after acquiring an additional 24,159 shares during the last quarter. Brass Tax Wealth Management Inc. acquired a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the third quarter worth approximately $208,000. Finally, FMR LLC lifted its holdings in First Trust Small Cap Core AlphaDEX Fund by 111.4% during the 3rd quarter. FMR LLC now owns 892 shares of the company’s stock worth $89,000 after buying an additional 470 shares in the last quarter.

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.