Short Interest in First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Declines By 89.9%

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - Get Free Report) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 4,600 shares, a decrease of 89.9% from the December 15th 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 Up 0.1 %

FYC stock traded up $0.07 during midday trading on Monday, reaching $75.60. 39,874 shares of the company's stock traded hands, compared to its average volume of 51,953. The firm's fifty day moving average price is $80.55 and its 200-day moving average price is $74.46. First Trust Small Cap Growth AlphaDEX Fund has a 52 week low of $58.94 and a 52 week high of $85.01. The company has a market cap of $461.16 million, a price-to-earnings 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. Investors of record on Friday, December 13th were given a $0.1473 dividend. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Private Trust Co. NA grew its stake in shares of 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 valued at $153,000 after purchasing an additional 1,405 shares during the period. Great Valley Advisor Group Inc. purchased a new position in First Trust Small Cap Growth AlphaDEX Fund during the third quarter worth $200,000. Truist Financial Corp bought a new stake in First Trust Small Cap Growth AlphaDEX Fund in the second quarter worth about $214,000. Wealth Effects LLC lifted its stake in shares of 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 acquiring an additional 425 shares during the last quarter. Finally, Prospera Financial Services Inc boosted its holdings in First Trust Small Cap Growth AlphaDEX Fund by 17.6% during the 3rd quarter. Prospera Financial Services Inc now owns 5,845 shares of the company's stock valued at $435,000 after acquiring an additional 873 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.