Is First Trust Small Cap Core AlphaDEX ETF (FYX) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 20 2024
0mins
Source: NASDAQ.COM
Overview of FYX ETF: The First Trust Small Cap Core AlphaDEX ETF (FYX) is a smart beta ETF launched in 2007, focusing on small-cap blend stocks and utilizing the AlphaDEX stock selection methodology to enhance performance compared to traditional market cap weighted indexes.
Performance and Comparison: As of August 2024, FYX has shown a year-to-date increase of 5.66% and a 12-month rise of 16.08%, but with a higher expense ratio of 0.60%. Investors may consider lower-cost alternatives like the iShares Russell 2000 ETF and iShares Core S&P Small-Cap ETF for potentially better returns.
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Analyst Views on HE
Wall Street analysts forecast HE stock price to fall
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 14.750
Low
10.00
Averages
11.00
High
12.00
Current: 14.750
Low
10.00
Averages
11.00
High
12.00
About HE
Hawaiian Electric Industries, Inc. is a holding company that provides energy services. The Company’s subsidiaries are principally engaged in electric utility and non-regulated renewable/sustainable infrastructure businesses operating in the State of Hawaii. Its electric utility, Hawaiian Electric Company, Inc. (Hawaiian Electric), supplies power to approximately 95% of Hawaii’s population. The Company operates through the electric utility segment. Hawaiian Electric and its operating utility subsidiaries, Hawaii Electric Light Company, Inc. (Hawaii Electric Light) and Maui Electric Company, Limited (Maui Electric), are regulated electric utilities that provide essential electric service to approximately 95% of Hawaii’s population through the operation of five separate grids that serve communities on the islands of Oahu, Hawaii, Maui, Lanai and Molokai. Its subsidiary, Pacific Current, LLC, invests in non-regulated clean energy and sustainable infrastructure in the State of Hawaii.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Power Outage in Oahu: Approximately 6,500 customers in Oahu are currently without electricity.
- Affected Areas: The outage includes around 6,400 customers specifically in the North Shore area.
See More
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Severe Weather Impact: Hawaii is experiencing catastrophic flooding due to the second Kona low storm, leading to significant disruptions and damage.
Emergency Measures: Proactive shutdowns have been implemented on Oahu to mitigate the effects of the storm and ensure public safety.
See More
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- Market Recovery: On Monday, the S&P 500 rose by 1%, the Nasdaq Composite increased by 1.2%, and the Dow Jones Industrial Average climbed by 0.8%, indicating a gradual restoration of investor confidence, particularly as oil prices experienced a slight decline.
- Surge in AI Demand: Nvidia CEO Jensen Huang announced at the annual GTC event that GPU demand reached $500 billion last year, with projections of at least $1 trillion by 2027, highlighting the company's robust growth potential in the AI sector.
- Leadership Overhaul: Fortune Brands Innovations appointed David Barry as interim CEO while initiating a search for a permanent successor, with former CEO Nicholas Fink accelerating his departure, indicating a significant strategic shift within the company.
- Settlement Approval: Hawaiian Electric announced that the U.S. District Court granted preliminary approval for a derivative settlement agreement with shareholders, involving a $100 million payment to resolve all pending derivative lawsuits, marking a reduction in the company's legal risks.
See More
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- Preliminary Approval Granted: Hawaiian Electric announced that the U.S. District Court for the District of Hawaii has granted preliminary approval for a derivative settlement agreement with shareholders, which is expected to resolve all pending relevant derivative lawsuits, marking a significant reduction in the company's legal risks.
- Settlement Amount Established: The agreement stipulates a payment of $100 million to fully resolve all claims asserted in the derivative actions, a figure that not only helps eliminate legal uncertainties but also lays a foundation for the company's future financial stabilization.
- Court Hearing Schedule: The court has set May 28 as the hearing date for final approval of the settlement, providing the company with a clear legal framework that will help restore confidence in its future operations.
- No Admission of Liability: The settlement does not include any admission of liability, meaning that the company and related parties will receive a full release of all claims, which will assist in rebuilding the company's reputation among the public and investors.
See More
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Hawaiian Electric's Advisory: Hawaiian Electric is urging customers to stay prepared for potential extended power outages.
Customer Preparedness: The company emphasizes the importance of being ready for disruptions in service.
See More
Hawaiian Electric Reports Q4 2025 Profit Amid Lower Losses
- Net Income Performance: Hawaiian Electric reported a net income of $44 million for Q4 2025, slightly down from $46 million in Q4 2024, indicating a minor fluctuation in profitability while still maintaining a positive performance.
- Reduced Overall Losses: The company's net loss was $45 million, significantly improved from $96 million in 2024, primarily due to reduced expenses related to strategic reviews and lower Maui wildfire costs, showcasing effective cost management.
- Renewable Energy Progress: Hawaiian Electric achieved a 37% renewable portfolio standard in 2025, on track to meet the 40% statutory requirement by 2030, demonstrating the company's commitment to sustainability and strategic execution.
- Positive Stock Reaction: Following the earnings report, the company's shares rose by 1.5%, reflecting market optimism regarding its return to profitability, with a 46.2% increase in stock price over the past year, indicating strong investor confidence in future growth.
See More
