First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Short Interest Update

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 2,500 shares, a growth of 316.7% from the June 30th total of 600 shares. Based on an average daily volume of 10,500 shares, the days-to-cover ratio is currently 0.2 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FYC. Raymond James Financial Services Advisors Inc. raised its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 147,898 shares of the company’s stock worth $9,306,000 after purchasing an additional 2,749 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of First Trust Small Cap Growth AlphaDEX Fund in the fourth quarter worth about $10,467,000. Arkadios Wealth Advisors purchased a new position in shares of First Trust Small Cap Growth AlphaDEX Fund in the fourth quarter worth about $253,000. Geneos Wealth Management Inc. raised its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 24.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 8,287 shares of the company’s stock worth $521,000 after purchasing an additional 1,623 shares during the last quarter. Finally, Wealth Effects LLC purchased a new position in shares of First Trust Small Cap Growth AlphaDEX Fund in the fourth quarter worth about $208,000.

First Trust Small Cap Growth AlphaDEX Fund Stock Up 1.8 %

Shares of NASDAQ FYC traded up $1.23 during mid-day trading on Friday, reaching $71.41. 65,788 shares of the company were exchanged, compared to its average volume of 20,877. The firm has a 50-day moving average of $66.98 and a 200 day moving average of $64.60. First Trust Small Cap Growth AlphaDEX Fund has a 1 year low of $51.39 and a 1 year high of $72.56. The stock has a market cap of $289.21 million, a price-to-earnings ratio of 15.06 and a beta of 1.19.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.0699 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Thursday, June 27th.

About First Trust Small Cap Growth AlphaDEX Fund

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.