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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 21,300 shares, a growth of 26.8% from the September 30th total of 16,800 shares. Based on an average trading volume of 20,400 shares, the days-to-cover ratio is currently 1.0 days.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

Shares of First Trust Small Cap Growth AlphaDEX Fund stock traded down $0.04 on Wednesday, reaching $75.79. 9,303 shares of the company were exchanged, compared to its average volume of 20,145. The stock’s 50 day moving average price is $72.96 and its 200-day moving average price is $68.74. First Trust Small Cap Growth AlphaDEX Fund has a 1-year low of $51.39 and a 1-year high of $76.50. The company has a market cap of $352.42 million, a P/E ratio of 15.06 and a beta of 1.19.

First Trust Small Cap Growth AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.344 per share. This is a boost from First Trust Small Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.07. This represents a $1.38 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Willner & Heller LLC increased its position in First Trust Small Cap Growth AlphaDEX Fund by 2.3% during the second quarter. Willner & Heller LLC now owns 7,856 shares of the company’s stock worth $518,000 after buying an additional 179 shares during the period. HFG Advisors Inc. grew its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.0% during the third quarter. HFG Advisors Inc. now owns 20,752 shares of the company’s stock worth $1,543,000 after acquiring an additional 205 shares during the last quarter. Comerica Bank grew its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 28.7% during the first quarter. Comerica Bank now owns 924 shares of the company’s stock worth $61,000 after acquiring an additional 206 shares during the last quarter. Gateway Wealth Partners LLC increased its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 2.3% in the 3rd quarter. Gateway Wealth Partners LLC now owns 9,103 shares of the company’s stock valued at $677,000 after acquiring an additional 207 shares during the period. Finally, Wealth Effects LLC raised its position in First Trust Small Cap Growth AlphaDEX Fund by 13.9% in the 3rd quarter. Wealth Effects LLC now owns 3,482 shares of the company’s stock valued at $259,000 after purchasing an additional 425 shares during the last quarter.

First Trust Small Cap Growth AlphaDEX Fund Company Profile

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.