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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) saw a large decline in short interest in June. As of June 30th, there was short interest totalling 600 shares, a decline of 71.4% from the June 15th total of 2,100 shares. Based on an average daily volume of 10,600 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Small Cap Growth AlphaDEX Fund Stock Up 1.3 %

Shares of FYC traded up $0.87 on Friday, reaching $68.79. The stock had a trading volume of 16,463 shares, compared to its average volume of 20,331. The firm has a market capitalization of $282.04 million, a PE ratio of 15.06 and a beta of 1.19. The firm has a 50-day moving average of $66.14 and a 200 day moving average of $64.02. First Trust Small Cap Growth AlphaDEX Fund has a twelve month low of $51.39 and a twelve month high of $69.04.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a dividend of $0.0699 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Thursday, June 27th.

Institutional Investors Weigh In On First Trust Small Cap Growth AlphaDEX Fund

A number of large investors have recently bought and sold shares of FYC. Comerica Bank boosted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 28.7% during the first quarter. Comerica Bank now owns 924 shares of the company’s stock worth $61,000 after purchasing an additional 206 shares during the last quarter. CWM LLC boosted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 22.7% during the fourth quarter. CWM LLC now owns 1,168 shares of the company’s stock worth $74,000 after purchasing an additional 216 shares during the last quarter. HFG Advisors Inc. boosted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.7% during the fourth quarter. HFG Advisors Inc. now owns 18,267 shares of the company’s stock worth $1,149,000 after purchasing an additional 314 shares during the last quarter. Cetera Advisors LLC boosted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 32.7% during the first quarter. Cetera Advisors LLC now owns 4,542 shares of the company’s stock worth $298,000 after purchasing an additional 1,118 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 6.2% during the fourth quarter. US Bancorp DE now owns 19,780 shares of the company’s stock worth $1,247,000 after purchasing an additional 1,151 shares during 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.