Short Interest in First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Rises By 121.3%

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 30,950 shares, an increase of 121.3% from the July 30th total of 13,987 shares. Based on an average daily trading volume, of 80,826 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are sold short.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

First Trust Small Cap Growth AlphaDEX Fund stock opened at $120.52 on Monday. First Trust Small Cap Growth AlphaDEX Fund has a 12-month low of $85.20 and a 12-month high of $127.57. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 20.27 and a beta of 1.17. The firm has a 50 day moving average of $121.87 and a 200 day moving average of $111.93.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. LPL Financial LLC raised its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 43.0% during the fourth quarter. LPL Financial LLC now owns 1,183,630 shares of the company’s stock valued at $113,769,000 after buying an additional 356,030 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 28.9% during the fourth quarter. Wells Fargo & Company MN now owns 363,672 shares of the company’s stock valued at $34,956,000 after purchasing an additional 81,435 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 151.1% in the third quarter. Raymond James Financial Inc. now owns 324,241 shares of the company’s stock worth $29,413,000 after purchasing an additional 195,127 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 13.6% in the first quarter. Cetera Investment Advisers now owns 289,684 shares of the company’s stock worth $28,094,000 after purchasing an additional 34,676 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 2.8% in the second quarter. First Trust Advisors LP now owns 254,884 shares of the company’s stock worth $20,284,000 after buying an additional 7,042 shares in the last quarter.

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.