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 significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 4,600 shares, a decline of 89.9% from the December 31st total of 45,700 shares. Based on an average daily volume of 46,800 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

Shares of NASDAQ:FYC traded up $0.65 during trading on Tuesday, reaching $79.29. 36,667 shares of the stock were exchanged, compared to its average volume of 57,810. First Trust Small Cap Growth AlphaDEX Fund has a 12-month low of $60.24 and a 12-month high of $85.01. The firm has a market cap of $483.64 million, a price-to-earnings ratio of 15.06 and a beta of 1.19. The firm’s 50-day moving average price is $80.28 and its 200 day moving average price is $75.54.

First Trust Small Cap Growth AlphaDEX Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.1473 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Willner & Heller LLC raised its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.8% in the 4th quarter. Willner & Heller LLC now owns 7,497 shares of the company’s stock valued at $580,000 after acquiring an additional 133 shares in the last quarter. HFG Advisors Inc. boosted its stake in First Trust Small Cap Growth AlphaDEX Fund by 1.0% in the 3rd quarter. HFG Advisors Inc. now owns 20,752 shares of the company’s stock valued at $1,543,000 after buying an additional 205 shares in the last quarter. Gateway Wealth Partners LLC boosted its stake in First Trust Small Cap Growth AlphaDEX Fund by 2.3% in the 3rd quarter. Gateway Wealth Partners LLC now owns 9,103 shares of the company’s stock valued at $677,000 after buying an additional 207 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in First Trust Small Cap Growth AlphaDEX Fund by 0.6% in the third quarter. PNC Financial Services Group Inc. now owns 50,540 shares of the company’s stock worth $3,759,000 after purchasing an additional 306 shares in the last quarter. Finally, Wealth Effects LLC boosted its stake in First Trust Small Cap Growth AlphaDEX Fund by 13.9% in the third quarter. Wealth Effects LLC now owns 3,482 shares of the company’s stock worth $259,000 after purchasing an additional 425 shares in the last quarter.

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.