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 target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 25,200 shares, an increase of 530.0% from the August 15th total of 4,000 shares. Based on an average trading volume of 19,600 shares, the short-interest ratio is currently 1.3 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers acquired a new position in shares of First Trust Small Cap Growth AlphaDEX Fund during the first quarter worth about $2,414,000. HFG Advisors Inc. boosted its holdings in First Trust Small Cap Growth AlphaDEX Fund by 4.0% in the 2nd quarter. HFG Advisors Inc. now owns 20,547 shares of the company’s stock worth $1,354,000 after acquiring an additional 792 shares during the period. US Bancorp DE grew its position in First Trust Small Cap Growth AlphaDEX Fund by 8.3% in the first quarter. US Bancorp DE now owns 21,428 shares of the company’s stock valued at $1,411,000 after acquiring an additional 1,648 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 9.5% during the first quarter. Kingsview Wealth Management LLC now owns 62,071 shares of the company’s stock valued at $4,078,000 after purchasing an additional 5,389 shares during the period. Finally, Private Advisor Group LLC acquired a new position in shares of First Trust Small Cap Growth AlphaDEX Fund during the first quarter worth $553,000.

First Trust Small Cap Growth AlphaDEX Fund Stock Up 2.0 %

Shares of NASDAQ FYC traded up $1.39 during trading on Thursday, hitting $71.19. 4,316 shares of the company traded hands, compared to its average volume of 21,285. The firm has a market capitalization of $291.88 million, a P/E ratio of 15.06 and a beta of 1.19. The company has a 50-day moving average price of $69.44 and a 200-day moving average price of $66.45. First Trust Small Cap Growth AlphaDEX Fund has a 1 year low of $51.39 and a 1 year high of $72.98.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $0.0699 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Thursday, June 27th.

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.