First Trust Small Cap Core AlphaDEX Fund Experiences Major Decrease in Short Interest

The First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) has experienced a notable decline in short interest during February. As of February 28th, the fund reported a total of 1,000 shares sold short, representing a remarkable 91.7% reduction compared to the previous total of 12,000 shares on February 13th. Currently, only 0.0% of the company's stock is short sold, indicating a significant shift in investor sentiment. With an average daily trading volume of 25,900 shares, the days-to-cover ratio stands at 0.0 days.

Activity Among Institutional Investors

Recent trading activity reflects that various institutional investors have been actively buying and selling shares of the First Trust Small Cap Core AlphaDEX Fund. For instance, Synergy Investment Management LLC acquired a new stake worth $54,000 in the fourth quarter, while Mpwm Advisory Solutions LLC invested $58,000 during the same quarter. Additionally, Wilmington Savings Fund Society FSB bought $85,000 worth of shares in the third quarter. FMR LLC also increased its holdings by 111.4% in the third quarter, now owning a total of 892 shares valued at $89,000 after adding 470 shares recently. Capital A Wealth Management LLC entered a new position worth about $109,000 in shares during the fourth quarter.

Price Movement of the Fund

On Wednesday, shares of NASDAQ FYX declined by $0.28, reaching a trading price of $90.41. The volume traded that day was 33,455 shares, outperforming the average volume of 27,382. The fund has a market capitalization of $854.37 million and reports a PE ratio of 13.07. Its 50-day and 200-day simple moving averages are $100.02 and $101.08, respectively. Over the past year, the fund's share price has fluctuated, with a 52-week low of $86.07 and a high of $111.87.

Dividend Announcement

The First Trust Small Cap Core AlphaDEX Fund recently declared a dividend, which was distributed on December 31st. Shareholders who were on record as of December 13th received a dividend payment of $0.6219. The ex-dividend date was also December 13th.

Profile of First Trust Small Cap Core AlphaDEX Fund

The First Trust Small Cap Core AlphaDEX Fund (FYX) serves as an exchange-traded fund sourced from the NASDAQ AlphaDEX Small Cap Core index. This fund is designed to track an index of small-cap stocks selected based on a model that employs quantitative growth and value factors. Launched on May 8, 2007, it is managed by First Trust.

Final Thoughts on Investment Potential

Investors considering putting money into the First Trust Small Cap Core AlphaDEX Fund should gather all relevant information before making a decision. Current analyst ratings reflect a 'Hold' on the fund, suggesting that there may be more attractive investment opportunities. A research platform has identified five stocks that analysts suggest could be better investments.

FirstTrust, ETFs, Investment, Finance, Market