Short Interest in First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Expands By 237.6%

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYCGet Free Report) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 36,281 shares, an increase of 237.6% from the June 30th total of 10,747 shares. Based on an average daily trading volume, of 67,927 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are sold short.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

Shares of FYC traded down $0.75 during mid-day trading on Friday, hitting $117.93. The company’s stock had a trading volume of 52,559 shares, compared to its average volume of 70,080. The stock’s 50-day moving average is $118.92 and its two-hundred day moving average is $108.24. The firm has a market capitalization of $1.25 billion, a PE ratio of 20.27 and a beta of 1.16. First Trust Small Cap Growth AlphaDEX Fund has a one year low of $77.11 and a one year high of $127.57.

First Trust Small Cap Growth AlphaDEX Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.1297 per share. This represents a $0.52 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust Small Cap Growth AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blair William & Co. IL acquired a new position in shares of First Trust Small Cap Growth AlphaDEX Fund during the fourth quarter valued at about $31,000. JPMorgan Chase & Co. grew its position in First Trust Small Cap Growth AlphaDEX Fund by 80.4% during the third quarter. JPMorgan Chase & Co. now owns 873 shares of the company’s stock worth $79,000 after buying an additional 389 shares in the last quarter. NewEdge Advisors LLC grew its position in First Trust Small Cap Growth AlphaDEX Fund by 137.7% during the fourth quarter. NewEdge Advisors LLC now owns 915 shares of the company’s stock worth $88,000 after buying an additional 530 shares in the last quarter. CoreCap Advisors LLC increased its stake in First Trust Small Cap Growth AlphaDEX Fund by 629.6% during the fourth quarter. CoreCap Advisors LLC now owns 985 shares of the company’s stock valued at $95,000 after acquiring an additional 850 shares during the period. Finally, Advisory Services Network LLC bought a new position in First Trust Small Cap Growth AlphaDEX Fund during the third quarter valued at about $100,000.

About First Trust Small Cap Growth AlphaDEX Fund

(Get Free Report)

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.

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