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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 9,353 shares, a drop 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 trading volume of 51,732 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sylvest Advisors LLC raised its stake in First Trust Small Cap Growth AlphaDEX Fund by 1.2% during the first quarter. Sylvest Advisors LLC now owns 8,510 shares of the company’s stock worth $825,000 after acquiring an additional 105 shares in the last quarter. Gateway Wealth Partners LLC boosted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.5% in the 4th quarter. Gateway Wealth Partners LLC now owns 8,754 shares of the company’s stock valued at $841,000 after purchasing an additional 127 shares in the last quarter. PFG Advisors grew its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 4.6% during the 4th quarter. PFG Advisors now owns 3,174 shares of the company’s stock valued at $305,000 after purchasing an additional 139 shares during the last quarter. CWM LLC grew its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 19.9% during the 4th quarter. CWM LLC now owns 1,108 shares of the company’s stock valued at $106,000 after purchasing an additional 184 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in First Trust Small Cap Growth AlphaDEX Fund by 2.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 10,379 shares of the company’s stock worth $998,000 after purchasing an additional 228 shares in the last quarter.

First Trust Small Cap Growth AlphaDEX Fund Trading Up 1.4%

NASDAQ FYC traded up $1.69 on Monday, hitting $125.75. 40,837 shares of the company’s stock were exchanged, compared to its average volume of 70,736. The stock has a 50-day moving average of $114.70 and a 200-day moving average of $104.87. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 20.27 and a beta of 1.18. First Trust Small Cap Growth AlphaDEX Fund has a 52 week low of $77.11 and a 52 week high of $125.78.

First Trust Small Cap Growth AlphaDEX Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be given a dividend of $0.1297 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.4%. The ex-dividend date 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.