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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 13,987 shares, a decline of 61.4% from the July 15th total of 36,281 shares. Based on an average trading volume of 88,875 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of First Trust Small Cap Growth AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning bought a new position in First Trust Small Cap Growth AlphaDEX Fund in the 2nd quarter valued at about $202,000. First Trust Advisors LP grew 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 valued at $20,284,000 after purchasing an additional 7,042 shares during the last quarter. Bank of America Corp DE grew its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 92.8% in the second quarter. Bank of America Corp DE now owns 246,143 shares of the company’s stock valued at $19,588,000 after purchasing an additional 118,450 shares during the last quarter. Equitable Holdings Inc. increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 8.9% during the second quarter. Equitable Holdings Inc. now owns 58,012 shares of the company’s stock worth $4,617,000 after purchasing an additional 4,733 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 54.7% during the second quarter. Geneos Wealth Management Inc. now owns 12,956 shares of the company’s stock worth $1,031,000 after purchasing an additional 4,579 shares during the period.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

FYC traded up $0.90 during trading hours 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’s 50-day moving average is $120.96 and its 200-day moving average is $110.35. First Trust Small Cap Growth AlphaDEX Fund has a 52 week low of $81.94 and a 52 week high of $127.57. The firm has a market cap of $1.34 billion, a PE ratio of 20.27 and a beta of 1.17.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

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

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.