Short Interest in First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Declines By 7.0%

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 21,400 shares, a decline of 7.0% from the November 15th total of 23,000 shares. Based on an average daily volume of 29,700 shares, the short-interest ratio is currently 0.7 days.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

NASDAQ:FYC traded down $0.87 on Tuesday, hitting $81.50. 18,175 shares of the stock were exchanged, compared to its average volume of 24,873. First Trust Small Cap Growth AlphaDEX Fund has a 52 week low of $58.94 and a 52 week high of $85.01. The stock has a market capitalization of $378.98 million, a price-to-earnings ratio of 15.06 and a beta of 1.19. The company’s 50-day moving average price is $79.27 and its 200 day moving average price is $72.79.

First Trust Small Cap Growth AlphaDEX Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.1473 dividend. The ex-dividend date is Friday, December 13th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Comerica Bank raised its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 28.7% during the first quarter. Comerica Bank now owns 924 shares of the company’s stock worth $61,000 after purchasing an additional 206 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in First Trust Small Cap Growth AlphaDEX Fund by 2.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 87,270 shares of the company’s stock worth $5,750,000 after buying an additional 1,715 shares during the period. International Assets Investment Management LLC bought a new position in First Trust Small Cap Growth AlphaDEX Fund in the second quarter valued at approximately $135,000. Concurrent Investment Advisors LLC boosted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.0% in the second quarter. Concurrent Investment Advisors LLC now owns 79,573 shares of the company’s stock valued at $5,243,000 after buying an additional 808 shares during the period. Finally, Strategic Equity Management bought a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the second quarter worth $483,000.

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.