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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 14,700 shares, an increase of 51.5% from the January 31st total of 9,700 shares. Based on an average trading volume of 53,200 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of First Trust Small Cap Growth AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Willner & Heller LLC raised its position in First Trust Small Cap Growth AlphaDEX Fund by 1.8% during the fourth quarter. Willner & Heller LLC now owns 7,497 shares of the company’s stock valued at $580,000 after purchasing an additional 133 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 0.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 50,540 shares of the company’s stock valued at $3,759,000 after purchasing an additional 306 shares during the last quarter. Harbour Investments Inc. raised its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 9.4% during the 4th quarter. Harbour Investments Inc. now owns 3,917 shares of the company’s stock valued at $303,000 after buying an additional 335 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 12.4% during the 4th quarter. Jones Financial Companies Lllp now owns 3,453 shares of the company’s stock valued at $267,000 after buying an additional 381 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $31,000.

First Trust Small Cap Growth AlphaDEX Fund Trading Down 1.3 %

Shares of NASDAQ FYC traded down $0.93 during midday trading on Tuesday, hitting $71.41. 63,116 shares of the company’s stock were exchanged, compared to its average volume of 53,196. The business’s fifty day moving average price is $78.14 and its two-hundred day moving average price is $76.98. The company has a market cap of $424.89 million, a price-to-earnings ratio of 16.21 and a beta of 1.23. First Trust Small Cap Growth AlphaDEX Fund has a 12-month low of $60.51 and a 12-month high of $85.01.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.1473 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.