First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sees Large Growth in Short Interest

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 45,700 shares, an increase of 113.6% from the November 30th total of 21,400 shares. Based on an average daily trading volume, of 39,700 shares, the days-to-cover ratio is currently 1.2 days.

First Trust Small Cap Growth AlphaDEX Fund Trading Down 1.8 %

FYC stock opened at $78.40 on Friday. The stock has a market capitalization of $364.56 million, a P/E ratio of 15.06 and a beta of 1.19. The firm has a 50-day moving average price of $80.03 and a 200-day moving average price of $73.54. First Trust Small Cap Growth AlphaDEX Fund has a 12 month low of $58.94 and a 12 month high of $85.01.

First Trust Small Cap Growth AlphaDEX Fund Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.1473 per share. The ex-dividend date is Friday, December 13th.

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

Several hedge funds have recently modified their holdings of FYC. Stifel Financial Corp lifted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 110.6% in the third quarter. Stifel Financial Corp now owns 50,607 shares of the company’s stock worth $3,764,000 after acquiring an additional 26,577 shares during the period. Benjamin Edwards Inc. acquired a new position in shares of First Trust Small Cap Growth AlphaDEX Fund during the third quarter worth approximately $3,529,000. Private Trust Co. NA lifted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 213.9% in the 3rd quarter. Private Trust Co. NA now owns 2,062 shares of the company’s stock worth $153,000 after purchasing an additional 1,405 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 53.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 95,911 shares of the company’s stock worth $7,133,000 after purchasing an additional 33,379 shares in the last quarter. Finally, Great Valley Advisor Group Inc. acquired a new position in shares of First Trust Small Cap Growth AlphaDEX Fund during the third quarter valued at about $200,000.

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.