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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 4,600 shares, a drop of 89.9% from the December 31st total of 45,700 shares. Based on an average daily trading volume, of 46,800 shares, the short-interest ratio is currently 0.1 days.

First Trust Small Cap Growth AlphaDEX Fund Stock Down 0.4 %

FYC traded down $0.33 during trading on Wednesday, hitting $78.99. The company had a trading volume of 14,501 shares, compared to its average volume of 55,400. The firm’s 50-day moving average price is $80.28 and its 200 day moving average price is $75.54. The company has a market capitalization of $481.83 million, a PE ratio of 15.06 and a beta of 1.19. First Trust Small Cap Growth AlphaDEX Fund has a one year low of $60.24 and a one year high of $85.01.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.1473 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Private Trust Co. NA boosted its position in First Trust Small Cap Growth AlphaDEX Fund by 213.9% during the 3rd quarter. Private Trust Co. NA now owns 2,062 shares of the company’s stock worth $153,000 after acquiring an additional 1,405 shares during the last quarter. Great Valley Advisor Group Inc. acquired a new position in First Trust Small Cap Growth AlphaDEX Fund during the third quarter worth $200,000. Truist Financial Corp bought a new position in First Trust Small Cap Growth AlphaDEX Fund in the second quarter valued at $214,000. Stratos Wealth Partners LTD. acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter valued at $225,000. Finally, Wealth Effects LLC lifted its position in First Trust Small Cap Growth AlphaDEX Fund by 13.9% during the 3rd quarter. Wealth Effects LLC now owns 3,482 shares of the company’s stock worth $259,000 after buying an additional 425 shares in the last quarter.

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.