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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 23,000 shares, a growth of 505.3% from the October 31st total of 3,800 shares. Based on an average trading volume of 25,900 shares, the days-to-cover ratio is currently 0.9 days.

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

A number of institutional investors have recently added to or reduced their stakes in FYC. Heritage Oak Wealth Advisors LLC acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the 3rd quarter worth $7,128,000. Benjamin Edwards Inc. acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the 3rd quarter worth $3,529,000. Cetera Investment Advisers acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the 1st quarter worth $2,414,000. Kingsview Wealth Management LLC increased its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 53.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 95,911 shares of the company’s stock worth $7,133,000 after purchasing an additional 33,379 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 52.3% in the 3rd quarter. Raymond James & Associates now owns 78,513 shares of the company’s stock worth $5,839,000 after purchasing an additional 26,945 shares during the last quarter.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

Shares of NASDAQ:FYC traded up $0.54 during midday trading on Friday, hitting $84.64. 21,166 shares of the company’s stock traded hands, compared to its average volume of 22,826. The company has a market cap of $393.58 million, a PE ratio of 15.06 and a beta of 1.19. The firm’s fifty day moving average price is $76.98 and its two-hundred day moving average price is $71.33. First Trust Small Cap Growth AlphaDEX Fund has a twelve month low of $57.10 and a twelve month high of $85.00.

First Trust Small Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.344 per share. This is a positive change from First Trust Small Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, September 26th. This represents a $1.38 annualized dividend and a dividend yield of 1.63%.

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.