Short Interest in First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Expands By 26.8%

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 21,300 shares, an increase of 26.8% from the September 30th total of 16,800 shares. Based on an average daily volume of 20,400 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Bank grew its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 28.7% in the 1st quarter. Comerica Bank now owns 924 shares of the company's stock valued at $61,000 after purchasing an additional 206 shares during the last quarter. International Assets Investment Management LLC purchased a new position in First Trust Small Cap Growth AlphaDEX Fund in the 2nd quarter valued at $135,000. Truist Financial Corp acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the 2nd quarter valued at $214,000. Wealth Effects LLC raised 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 during the last quarter. Finally, 49 Wealth Management LLC acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the 1st quarter worth $268,000.

First Trust Small Cap Growth AlphaDEX Fund Stock Down 0.2 %

FYC traded down $0.14 during trading on Wednesday, hitting $75.65. 7,726 shares of the stock were exchanged, compared to its average volume of 20,086. First Trust Small Cap Growth AlphaDEX Fund has a 1-year low of $51.73 and a 1-year high of $76.50. The stock has a fifty day moving average price of $73.08 and a two-hundred day moving average price of $68.83. The firm has a market capitalization of $351.77 million, a P/E ratio of 15.06 and a beta of 1.19.

First Trust Small Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.344 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 1.82%. This is a boost from First Trust Small Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, September 26th.

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.