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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 9,700 shares, a decline of 39.8% from the January 15th total of 16,100 shares. Based on an average daily volume of 58,700 shares, the short-interest ratio is presently 0.2 days.

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

Several institutional investors have recently added to or reduced their stakes in FYC. Wells Fargo & Company MN increased its position in First Trust Small Cap Growth AlphaDEX Fund by 60.2% in the 4th quarter. Wells Fargo & Company MN now owns 410,264 shares of the company’s stock valued at $31,767,000 after acquiring an additional 154,103 shares during the period. Raymond James Financial Inc. acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter valued at about $10,409,000. Eclectic Associates Inc. ADV increased its position in First Trust Small Cap Growth AlphaDEX Fund by 1,980.4% in the 4th quarter. Eclectic Associates Inc. ADV now owns 128,192 shares of the company’s stock valued at $9,926,000 after acquiring an additional 122,030 shares during the period. Brueske Advisory Services LLC acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter valued at about $8,285,000. Finally, Heritage Oak Wealth Advisors LLC acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the 3rd quarter valued at about $7,128,000.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

FYC opened at $79.28 on Friday. The business’s 50-day simple moving average is $79.21 and its 200-day simple moving average is $76.31. First Trust Small Cap Growth AlphaDEX Fund has a one year low of $60.51 and a one year high of $85.01. The stock has a market capitalization of $475.68 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 declared 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.

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.