First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sees Large Volume Increase – What’s Next?

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) saw unusually-high trading volume on Wednesday . 122,398 shares changed hands during trading, an increase of 70% from the previous session’s volume of 71,840 shares.The stock last traded at $117.0750 and had previously closed at $116.20.

First Trust Small Cap Growth AlphaDEX Fund Stock Up 1.1%

The stock has a market capitalization of $1.26 billion, a PE ratio of 20.27 and a beta of 1.17. The firm’s fifty day moving average price is $120.40 and its two-hundred day moving average price is $113.61.

First Trust Small Cap Growth AlphaDEX Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.1297 dividend. This represents a $0.52 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 25th.

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

Institutional investors have recently made changes to their positions in the business. Bullseye Investment Management LLC bought a new stake in First Trust Small Cap Growth AlphaDEX Fund during the second quarter valued at approximately $51,000. IFP Advisors Inc boosted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 4.6% during the 2nd quarter. IFP Advisors Inc now owns 90,820 shares of the company’s stock worth $11,565,000 after acquiring an additional 3,974 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 70.2% during the 2nd quarter. Baird Financial Group Inc. now owns 124,071 shares of the company’s stock worth $15,799,000 after acquiring an additional 51,154 shares during the last quarter. Citadel Advisors LLC grew its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 117.5% during the 2nd quarter. Citadel Advisors LLC now owns 27,644 shares of the company’s stock valued at $3,520,000 after acquiring an additional 14,933 shares during the period. Finally, XML Financial LLC grew its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 22.9% during the 2nd quarter. XML Financial LLC now owns 2,950 shares of the company’s stock valued at $376,000 after acquiring an additional 550 shares during the period.

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.