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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 9,700 shares, a drop of 39.8% from the January 15th total of 16,100 shares. Based on an average trading volume of 58,700 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

Shares of NASDAQ:FYC opened at $79.28 on Friday. First Trust Small Cap Growth AlphaDEX Fund has a 1 year low of $60.51 and a 1 year high of $85.01. The firm has a market capitalization of $475.68 million, a PE ratio of 15.06 and a beta of 1.19. The business’s 50 day moving average price is $79.21 and its 200-day moving average price is $76.31.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.1473 per share. The ex-dividend date was Friday, December 13th.

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

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $2,854,000. Comerica Bank boosted its stake in First Trust Small Cap Growth AlphaDEX Fund by 169.2% during the fourth quarter. Comerica Bank now owns 3,429 shares of the company’s stock worth $266,000 after buying an additional 2,155 shares during the last quarter. Fischer Investment Strategies LLC purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter valued at $3,950,000. Stifel Financial Corp increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 3.0% in the 4th quarter. Stifel Financial Corp now owns 52,126 shares of the company’s stock worth $4,036,000 after acquiring an additional 1,519 shares during the last quarter. Finally, OneDigital Investment Advisors LLC purchased a new position in shares of First Trust Small Cap Growth AlphaDEX Fund during the 4th quarter worth $301,000.

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.