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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 9,700 shares, a decrease of 39.8% from the January 15th total of 16,100 shares. Based on an average trading volume of 58,700 shares, the short-interest ratio is presently 0.2 days.

First Trust Small Cap Growth AlphaDEX Fund Stock Down 0.1 %

FYC stock opened at $79.28 on Friday. First Trust Small Cap Growth AlphaDEX Fund has a 52-week low of $60.51 and a 52-week high of $85.01. The stock has a market cap of $475.68 million, a price-to-earnings ratio of 15.06 and a beta of 1.19. The business has a fifty day moving average of $79.21 and a two-hundred day moving average of $76.31.

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 issued a $0.1473 dividend. 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 stock. Wells Fargo & Company MN raised its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 60.2% in the 4th quarter. Wells Fargo & Company MN now owns 410,264 shares of the company’s stock valued at $31,767,000 after acquiring an additional 154,103 shares during the period. Raymond James Financial Inc. purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $10,409,000. Eclectic Associates Inc. ADV lifted its stake in First Trust Small Cap Growth AlphaDEX Fund by 1,980.4% during the fourth quarter. Eclectic Associates Inc. ADV now owns 128,192 shares of the company’s stock worth $9,926,000 after purchasing an additional 122,030 shares in the last quarter. Brueske Advisory Services LLC purchased a new position in shares of First Trust Small Cap Growth AlphaDEX Fund during the fourth quarter worth $8,285,000. Finally, Heritage Oak Wealth Advisors LLC acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the third quarter valued at $7,128,000.

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.