Short Interest in First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Drops By 59.5%

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 9,353 shares, a decline of 59.5% from the May 31st total of 23,079 shares. Based on an average daily volume of 51,732 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

NASDAQ FYC opened at $127.34 on Wednesday. The firm has a 50-day moving average of $115.41 and a 200-day moving average of $105.27. The stock has a market cap of $1.19 billion, a PE ratio of 20.27 and a beta of 1.18. First Trust Small Cap Growth AlphaDEX Fund has a 52-week low of $77.11 and a 52-week high of $127.56.

First Trust Small Cap Growth AlphaDEX Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.1297 dividend. This represents a $0.52 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Investors Weigh In On First Trust Small Cap Growth AlphaDEX Fund

Several hedge funds have recently bought and sold shares of the stock. LPL Financial LLC increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 43.0% during the fourth quarter. LPL Financial LLC now owns 1,183,630 shares of the company’s stock worth $113,769,000 after purchasing an additional 356,030 shares during the period. Raymond James Financial Inc. boosted its stake in First Trust Small Cap Growth AlphaDEX Fund by 151.1% in the 3rd quarter. Raymond James Financial Inc. now owns 324,241 shares of the company’s stock valued at $29,413,000 after purchasing an additional 195,127 shares during the period. Bank of America Corp DE grew its holdings in First Trust Small Cap Growth AlphaDEX Fund by 92.8% in the 2nd quarter. Bank of America Corp DE now owns 246,143 shares of the company’s stock valued at $19,588,000 after buying an additional 118,450 shares in the last quarter. Wells Fargo & Company MN increased its position in First Trust Small Cap Growth AlphaDEX Fund by 28.9% during the 4th quarter. Wells Fargo & Company MN now owns 363,672 shares of the company’s stock worth $34,956,000 after buying an additional 81,435 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in First Trust Small Cap Growth AlphaDEX Fund during the 3rd quarter worth $4,331,000.

First Trust Small Cap Growth AlphaDEX Fund Company Profile

The First Trust Small Cap Growth AlphaDEX Fund (FYC) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Small Cap Growth index. The fund tracks a quant-driven index that select stocks from a small-cap growth universe in an attempt to outperform the market. FYC was launched on Apr 18, 2011 and is managed by First Trust.