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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 600 shares, a decline of 71.4% from the June 15th total of 2,100 shares. Based on an average daily volume of 10,600 shares, the days-to-cover ratio is presently 0.1 days.

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

A number of large investors have recently bought and sold shares of the business. J Arnold Wealth Management Co boosted its holdings in First Trust Small Cap Growth AlphaDEX Fund by 5.4% during the 4th quarter. J Arnold Wealth Management Co now owns 208,878 shares of the company’s stock valued at $13,143,000 after acquiring an additional 10,694 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter worth $10,467,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 147,898 shares of the company’s stock worth $9,306,000 after buying an additional 2,749 shares during the period. IFP Advisors Inc lifted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 9.6% in the 4th quarter. IFP Advisors Inc now owns 119,687 shares of the company’s stock worth $7,531,000 after buying an additional 10,531 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 392.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 85,555 shares of the company’s stock worth $5,621,000 after buying an additional 68,168 shares during the period.

First Trust Small Cap Growth AlphaDEX Fund Trading Up 2.9 %

Shares of NASDAQ FYC traded up $1.89 during trading hours on Thursday, hitting $67.92. 7,748 shares of the company traded hands, compared to its average volume of 20,361. The company’s 50 day moving average price is $66.00 and its 200 day moving average price is $63.95. First Trust Small Cap Growth AlphaDEX Fund has a 12 month low of $51.39 and a 12 month high of $68.10. The stock has a market capitalization of $278.47 million, a price-to-earnings ratio of 15.06 and a beta of 1.19.

First Trust Small Cap Growth AlphaDEX Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a dividend of $0.0699 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Thursday, June 27th.

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.