First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Short Interest Up 121.3% in August

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 30,950 shares, a growth of 121.3% from the July 30th total of 13,987 shares. Based on an average daily trading volume, of 80,826 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FYC. Blair William & Co. IL acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $31,000. JPMorgan Chase & Co. boosted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 80.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 873 shares of the company’s stock valued at $79,000 after acquiring an additional 389 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 137.7% in the fourth quarter. NewEdge Advisors LLC now owns 915 shares of the company’s stock worth $88,000 after acquiring an additional 530 shares during the period. Advisory Services Network LLC acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the third quarter worth $100,000. Finally, CWM LLC raised its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 19.9% during the fourth quarter. CWM LLC now owns 1,108 shares of the company’s stock worth $106,000 after purchasing an additional 184 shares during the last quarter.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

Shares of NASDAQ FYC traded down $2.04 during mid-day trading on Friday, hitting $120.52. The stock had a trading volume of 87,764 shares, compared to its average volume of 73,294. The firm has a market cap of $1.30 billion, a PE ratio of 20.27 and a beta of 1.17. The company has a 50 day moving average of $121.87 and a two-hundred day moving average of $111.86. First Trust Small Cap Growth AlphaDEX Fund has a twelve month low of $85.20 and a twelve month high of $127.57.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

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

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.