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 recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 25,200 shares, an increase 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.

First Trust Small Cap Growth AlphaDEX Fund Trading Up 2.0 %

First Trust Small Cap Growth AlphaDEX Fund stock opened at $71.19 on Friday. First Trust Small Cap Growth AlphaDEX Fund has a 1 year low of $51.39 and a 1 year high of $72.98. The company’s 50-day moving average is $69.44 and its two-hundred day moving average is $66.45. The company 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 Announces Dividend

The business also recently disclosed 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 dividend yield of 0.39%.

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

Institutional investors have recently modified their holdings of the stock. Kingsview Wealth Management LLC grew its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 38.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 56,682 shares of the company’s stock valued at $3,566,000 after buying an additional 15,718 shares during the period. Tidemark LLC acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the fourth quarter valued at about $235,000. US Bancorp DE increased its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 6.2% in the fourth quarter. US Bancorp DE now owns 19,780 shares of the company’s stock worth $1,247,000 after acquiring an additional 1,151 shares in the last quarter. Willner & Heller LLC acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the fourth quarter worth about $551,000. Finally, HFG Advisors Inc. lifted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 8.1% during the 1st quarter. HFG Advisors Inc. now owns 19,755 shares of the company’s stock valued at $1,298,000 after purchasing an additional 1,488 shares in the last quarter.

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.