First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Sees Large Volume Increase – Here’s Why

Shares of First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) saw an uptick in trading volume on Wednesday . 147,715 shares traded hands during trading, an increase of 373% from the previous session’s volume of 31,206 shares.The stock last traded at $124.8750 and had previously closed at $121.77.

First Trust Small Cap Core AlphaDEX Fund Price Performance

The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 13.79 and a beta of 1.06. The stock’s fifty day simple moving average is $121.37 and its two-hundred day simple moving average is $115.76.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.2029 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Trading of First Trust Small Cap Core AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 67.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 405 shares of the company’s stock worth $46,000 after purchasing an additional 163 shares during the period. CX Institutional acquired a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the third quarter worth $68,000. Sound Income Strategies LLC acquired a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the fourth quarter worth $161,000. Beto Financial Group LLC bought a new position in First Trust Small Cap Core AlphaDEX Fund during the 4th quarter worth $216,000. Finally, Sagespring Wealth Partners LLC acquired a new stake in First Trust Small Cap Core AlphaDEX Fund in the fourth quarter worth $203,000.

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.