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 in November. As of November 15th, there was short interest totalling 23,000 shares, a growth of 505.3% from the October 31st total of 3,800 shares. Based on an average trading volume of 25,900 shares, the short-interest ratio is currently 0.9 days.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

First Trust Small Cap Growth AlphaDEX Fund stock traded up $0.03 during midday trading on Wednesday, hitting $84.10. 22,708 shares of the company were exchanged, compared to its average volume of 22,834. The company’s fifty day moving average price is $76.59 and its 200-day moving average price is $71.15. The company has a market cap of $391.07 million, a PE ratio of 15.06 and a beta of 1.19. First Trust Small Cap Growth AlphaDEX Fund has a fifty-two week low of $56.93 and a fifty-two week high of $85.00.

First Trust Small Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.344 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 1.64%. This is a positive change from First Trust Small Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, September 26th.

Hedge Funds Weigh In On First Trust Small Cap Growth AlphaDEX Fund

Institutional investors have recently made changes to their positions in the business. Heritage Oak Wealth Advisors LLC bought a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the 3rd quarter valued at approximately $7,128,000. Benjamin Edwards Inc. bought a new stake in First Trust Small Cap Growth AlphaDEX Fund during the third quarter valued at $3,529,000. Cetera Investment Advisers acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the first quarter worth $2,414,000. Kingsview Wealth Management LLC lifted its position 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 buying an additional 33,379 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 52.3% in the 3rd quarter. Raymond James & Associates now owns 78,513 shares of the company’s stock valued at $5,839,000 after buying an additional 26,945 shares during the period.

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.