First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Short Interest Update

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 23,000 shares, an increase of 505.3% from the October 31st total of 3,800 shares. Based on an average daily trading volume, of 25,900 shares, the days-to-cover ratio is presently 0.9 days.

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

Several hedge funds have recently modified their holdings of FYC. Willner & Heller LLC lifted its stake in shares of 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 purchasing an additional 179 shares in the last quarter. HFG Advisors Inc. lifted its position in First Trust Small Cap Growth AlphaDEX Fund by 1.0% during the 3rd quarter. HFG Advisors Inc. now owns 20,752 shares of the company’s stock worth $1,543,000 after acquiring an additional 205 shares in the last quarter. Comerica Bank lifted its position in First Trust Small Cap Growth AlphaDEX Fund by 28.7% during the 1st quarter. Comerica Bank now owns 924 shares of the company’s stock worth $61,000 after acquiring an additional 206 shares in the last quarter. Gateway Wealth Partners LLC lifted its position in First Trust Small Cap Growth AlphaDEX Fund by 2.3% during the 3rd quarter. Gateway Wealth Partners LLC now owns 9,103 shares of the company’s stock worth $677,000 after acquiring an additional 207 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in 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 worth $3,759,000 after acquiring an additional 306 shares in the last quarter.

First Trust Small Cap Growth AlphaDEX Fund Trading Up 0.0 %

Shares of NASDAQ FYC traded up $0.03 during midday trading on Wednesday, reaching $84.10. 22,708 shares of the stock were exchanged, compared to its average volume of 22,834. The stock has a 50 day moving average price of $76.59 and a 200-day moving average price of $71.15. First Trust Small Cap Growth AlphaDEX Fund has a 52-week low of $56.93 and a 52-week high of $85.00. The company has a market capitalization of $391.07 million, a P/E ratio of 15.06 and a beta of 1.19.

First Trust Small Cap Growth AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.344 dividend. The ex-dividend date of this dividend was Thursday, September 26th. 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 1.64%.

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.