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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 2,500 shares, an increase 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 presently 0.2 days.

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

Several hedge funds have recently made changes to their positions in the business. Willner & Heller LLC grew its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 2.3% during the 2nd quarter. Willner & Heller LLC now owns 7,856 shares of the company’s stock worth $518,000 after acquiring an additional 179 shares in the last quarter. Comerica Bank lifted its holdings in First Trust Small Cap Growth AlphaDEX Fund by 28.7% during the 1st quarter. Comerica Bank now owns 924 shares of the company’s stock valued at $61,000 after purchasing an additional 206 shares during the last quarter. CWM LLC lifted its holdings in First Trust Small Cap Growth AlphaDEX Fund by 22.7% during the 4th quarter. CWM LLC now owns 1,168 shares of the company’s stock valued at $74,000 after purchasing an additional 216 shares during the last quarter. HFG Advisors Inc. lifted its holdings in First Trust Small Cap Growth AlphaDEX Fund by 4.0% during the 2nd quarter. HFG Advisors Inc. now owns 20,547 shares of the company’s stock valued at $1,354,000 after purchasing an additional 792 shares during the last quarter. Finally, Cetera Advisors LLC lifted its holdings in First Trust Small Cap Growth AlphaDEX Fund by 32.7% during the 1st quarter. Cetera Advisors LLC now owns 4,542 shares of the company’s stock valued at $298,000 after purchasing an additional 1,118 shares during the last quarter.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

NASDAQ FYC traded up $1.23 during trading hours on Friday, reaching $71.41. 65,788 shares of the company’s stock were exchanged, compared to its average volume of 20,877. The company’s 50-day moving average is $66.98 and its two-hundred day moving average is $64.60. First Trust Small Cap Growth AlphaDEX Fund has a one year low of $51.39 and a one year high of $72.56. The company has a market capitalization 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 Announces Dividend

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

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.