First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sees Significant Growth in Short Interest

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 45,700 shares, a growth of 113.6% from the November 30th total of 21,400 shares. Based on an average daily volume of 39,700 shares, the short-interest ratio is currently 1.2 days.

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

Large investors have recently modified their holdings of the stock. LPL Financial LLC lifted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.5% during the second quarter. LPL Financial LLC now owns 470,730 shares of the company’s stock valued at $31,016,000 after acquiring an additional 7,033 shares during the period. Kingsview Wealth Management LLC lifted its position in First Trust Small Cap Growth AlphaDEX Fund by 53.4% during the 3rd quarter. Kingsview Wealth Management LLC now owns 95,911 shares of the company’s stock valued at $7,133,000 after purchasing an additional 33,379 shares during the period. Heritage Oak Wealth Advisors LLC bought a new position in shares of First Trust Small Cap Growth AlphaDEX Fund in the 3rd quarter valued at about $7,128,000. Cambridge Investment Research Advisors Inc. grew its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 2.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 87,270 shares of the company’s stock worth $5,750,000 after buying an additional 1,715 shares during the period. Finally, Concurrent Investment Advisors LLC raised its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.0% during the second quarter. Concurrent Investment Advisors LLC now owns 79,573 shares of the company’s stock worth $5,243,000 after buying an additional 808 shares during the last quarter.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

Shares of NASDAQ:FYC traded down $1.43 during midday trading on Friday, reaching $78.40. The company’s stock had a trading volume of 19,259 shares, compared to its average volume of 25,847. The business’s fifty day simple moving average is $80.03 and its 200-day simple moving average is $73.54. The company has a market capitalization of $364.56 million, a P/E ratio of 15.06 and a beta of 1.19. First Trust Small Cap Growth AlphaDEX Fund has a fifty-two week low of $58.94 and a fifty-two week high of $85.01.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.1473 dividend. The ex-dividend date is Friday, December 13th.

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.