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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 9,353 shares, a decrease of 59.5% from the May 31st total of 23,079 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 51,732 shares, the short-interest ratio is presently 0.2 days.

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

Several large investors have recently modified their holdings of FYC. LPL Financial LLC raised its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 43.0% during the fourth quarter. LPL Financial LLC now owns 1,183,630 shares of the company’s stock valued at $113,769,000 after acquiring an additional 356,030 shares during the last quarter. Raymond James Financial Inc. increased its holdings in First Trust Small Cap Growth AlphaDEX Fund by 151.1% in the third quarter. Raymond James Financial Inc. now owns 324,241 shares of the company’s stock valued at $29,413,000 after purchasing an additional 195,127 shares during the period. Bank of America Corp DE raised its position in First Trust Small Cap Growth AlphaDEX Fund by 92.8% during the 2nd quarter. Bank of America Corp DE now owns 246,143 shares of the company’s stock worth $19,588,000 after purchasing an additional 118,450 shares during the last quarter. Wells Fargo & Company MN raised its position in First Trust Small Cap Growth AlphaDEX Fund by 28.9% during the 4th quarter. Wells Fargo & Company MN now owns 363,672 shares of the company’s stock worth $34,956,000 after purchasing an additional 81,435 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in First Trust Small Cap Growth AlphaDEX Fund during the 3rd quarter worth about $4,331,000.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

Shares of FYC traded up $1.69 during trading hours on Monday, reaching $125.75. The stock had a trading volume of 40,837 shares, compared to its average volume of 70,736. First Trust Small Cap Growth AlphaDEX Fund has a 12 month low of $77.11 and a 12 month high of $125.78. The stock has a market capitalization of $1.18 billion, a PE ratio of 20.27 and a beta of 1.18. The company’s 50-day moving average is $114.70 and its two-hundred day moving average is $104.87.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be issued a dividend of $0.1297 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, June 25th.

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.