First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Short Interest Update

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 3,800 shares, a decrease of 82.2% from the October 15th total of 21,300 shares. Based on an average daily volume of 22,000 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Small Cap Growth AlphaDEX Fund Stock Down 1.8 %

FYC traded down $1.49 during trading on Tuesday, reaching $81.83. 38,544 shares of the company were exchanged, compared to its average volume of 21,627. The company has a market cap of $380.51 million, a price-to-earnings ratio of 15.06 and a beta of 1.19. The company’s 50-day moving average is $74.47 and its two-hundred day moving average is $70.00. First Trust Small Cap Growth AlphaDEX Fund has a 12-month low of $53.99 and a 12-month high of $83.53.

First Trust Small Cap Growth AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.344 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 1.68%. This is a boost from First Trust Small Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, September 26th.

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

Large investors have recently modified their holdings of the company. US Bancorp DE increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 8.3% during the first quarter. US Bancorp DE now owns 21,428 shares of the company’s stock valued at $1,411,000 after buying an additional 1,648 shares during the period. Kingsview Wealth Management LLC boosted its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 9.5% during the first quarter. Kingsview Wealth Management LLC now owns 62,071 shares of the company’s stock valued at $4,078,000 after purchasing an additional 5,389 shares in the last quarter. Comerica Bank boosted 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 valued at $61,000 after purchasing an additional 206 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the first quarter valued at approximately $2,414,000. Finally, Cetera Advisors LLC boosted its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 32.7% during the first quarter. Cetera Advisors LLC now owns 4,542 shares of the company’s stock valued at $298,000 after purchasing an additional 1,118 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.