Short Interest in First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Increases By 237.6%

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 36,281 shares, a growth of 237.6% from the June 30th total of 10,747 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 67,927 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Small Cap Growth AlphaDEX Fund Stock Down 0.4%

FYC traded down $0.52 during trading on Tuesday, hitting $118.44. 23,149 shares of the company traded hands, compared to its average volume of 69,493. The firm has a market cap of $1.26 billion, a P/E ratio of 20.27 and a beta of 1.16. The stock’s fifty day moving average is $119.08 and its 200 day moving average is $108.43. First Trust Small Cap Growth AlphaDEX Fund has a one year low of $77.11 and a one year high of $127.57.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

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

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

Several large investors have recently modified their holdings of FYC. Sylvest Advisors LLC lifted its stake in First Trust Small Cap Growth AlphaDEX Fund by 1.2% in the first quarter. Sylvest Advisors LLC now owns 8,510 shares of the company’s stock valued at $825,000 after purchasing an additional 105 shares during the last quarter. Gateway Wealth Partners LLC raised its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.5% in the fourth quarter. Gateway Wealth Partners LLC now owns 8,754 shares of the company’s stock valued at $841,000 after buying an additional 127 shares during the period. PFG Advisors lifted its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 4.6% during the 4th quarter. PFG Advisors now owns 3,174 shares of the company’s stock valued at $305,000 after buying an additional 139 shares during the last quarter. CWM LLC lifted its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 19.9% during the 4th quarter. CWM LLC now owns 1,108 shares of the company’s stock valued at $106,000 after buying an additional 184 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 2.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 10,379 shares of the company’s stock worth $998,000 after acquiring an additional 228 shares during the period.

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.