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 target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 25,200 shares, a growth of 530.0% from the August 15th total of 4,000 shares. Based on an average daily trading volume, of 19,600 shares, the days-to-cover ratio is presently 1.3 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC raised its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.5% in the second quarter. LPL Financial LLC now owns 470,730 shares of the company’s stock valued at $31,016,000 after buying an additional 7,033 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in First Trust Small Cap Growth AlphaDEX Fund by 2.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 87,270 shares of the company’s stock valued at $5,750,000 after acquiring an additional 1,715 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 79,573 shares of the company’s stock worth $5,243,000 after purchasing an additional 808 shares during the period. Kingsview Wealth Management LLC boosted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 9.5% during the first quarter. Kingsview Wealth Management LLC now owns 62,071 shares of the company’s stock worth $4,078,000 after purchasing an additional 5,389 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 54.9% in the second quarter. Cetera Investment Advisers now owns 56,902 shares of the company’s stock valued at $3,749,000 after purchasing an additional 20,158 shares during the period.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

Shares of FYC stock traded up $1.39 during midday trading on Thursday, reaching $71.19. 4,316 shares of the company traded hands, compared to its average volume of 21,285. The firm’s 50 day simple moving average is $69.44 and its two-hundred day simple moving average is $66.45. The firm has a market cap of $291.88 million, a PE ratio of 15.06 and a beta of 1.19. First Trust Small Cap Growth AlphaDEX Fund has a 1-year low of $51.39 and a 1-year high of $72.98.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a $0.0699 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.28 annualized dividend and a dividend 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.