First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Short Interest Down 61.4% in July

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYCGet Free Report) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 13,987 shares, a drop of 61.4% from the July 15th total of 36,281 shares. Based on an average daily volume of 88,875 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

First Trust Small Cap Growth AlphaDEX Fund Trading Up 0.7%

Shares of NASDAQ FYC traded up $0.90 during midday trading on Friday, reaching $124.41. The company’s stock had a trading volume of 52,513 shares, compared to its average volume of 72,548. The company has a 50 day moving average price of $120.96 and a 200 day moving average price of $110.35. First Trust Small Cap Growth AlphaDEX Fund has a one year low of $81.94 and a one year high of $127.57. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 20.27 and a beta of 1.17.

First Trust Small Cap Growth AlphaDEX Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.1297 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.52 annualized dividend and a yield of 0.4%.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Blair William & Co. IL bought a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the 4th quarter worth $31,000. JPMorgan Chase & Co. raised its position in shares of 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 purchasing an additional 389 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of 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 valued at $88,000 after purchasing an additional 530 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the third quarter valued at $100,000. Finally, CWM LLC lifted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 19.9% during the fourth quarter. CWM LLC now owns 1,108 shares of the company’s stock valued at $106,000 after purchasing an additional 184 shares during the last quarter.

First Trust Small Cap Growth AlphaDEX Fund Company Profile

(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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