First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Stock Falls 1.4% – Time to Sell?

Shares of First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) dropped 1.4% during mid-day trading on Wednesday. The company traded as low as $114.12 and last traded at $114.26. Approximately 46,695 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 73,292 shares. The stock had previously closed at $115.93.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

The firm’s 50 day moving average price is $119.31 and its 200 day moving average price is $115.57. The stock has a market capitalization of $1.35 billion, a P/E ratio of 20.27 and a beta of 1.19.

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

Hedge funds have recently made changes to their positions in the business. Bullseye Investment Management LLC purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund in the second quarter worth $51,000. M.E. Allison & CO. Inc. bought a new position in First Trust Small Cap Growth AlphaDEX Fund in the 2nd quarter worth $222,000. Fulcrum Equity Management bought a new position in First Trust Small Cap Growth AlphaDEX Fund in the 2nd quarter worth $249,000. Worth Asset Management LLC purchased a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the 2nd quarter worth about $316,000. Finally, Arkadios Wealth Advisors bought a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the 1st quarter valued at about $253,000.

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.