Short Interest in First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Drops By 39.8%

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - Get Free Report) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 9,700 shares, a drop of 39.8% from the January 15th total of 16,100 shares. Based on an average daily volume of 58,700 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of First Trust Small Cap Growth AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Richmond Investment Services LLC purchased a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter valued at $3,562,000. Fiduciary Trust Co purchased a new position in shares of First Trust Small Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $203,000. Dunhill Financial LLC grew its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 93.5% in the fourth quarter. Dunhill Financial LLC now owns 13,985 shares of the company's stock valued at $1,083,000 after purchasing an additional 6,759 shares in the last quarter. Cetera Investment Advisers increased its stake in First Trust Small Cap Growth AlphaDEX Fund by 27.8% during the 4th quarter. Cetera Investment Advisers now owns 109,730 shares of the company's stock worth $8,496,000 after buying an additional 23,878 shares during the period. Finally, Blue Capital Inc. acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $652,000.

First Trust Small Cap Growth AlphaDEX Fund Trading Down 1.1 %

FYC traded down $0.86 on Wednesday, hitting $78.67. The company had a trading volume of 22,741 shares, compared to its average volume of 50,167. The company's fifty day moving average price is $79.15 and its 200 day moving average price is $76.41. First Trust Small Cap Growth AlphaDEX Fund has a 1 year low of $60.51 and a 1 year high of $85.01. The firm has a market cap of $472.02 million, a P/E ratio of 15.06 and a beta of 1.19.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

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

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.