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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) saw 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 volume of 46,800 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust Small Cap Growth AlphaDEX Fund

A number of large investors have recently bought and sold shares of FYC. LPL Financial LLC grew its holdings in First Trust Small Cap Growth AlphaDEX Fund by 1.5% in the second quarter. LPL Financial LLC now owns 470,730 shares of the company’s stock worth $31,016,000 after purchasing an additional 7,033 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.4% in the second quarter. Envestnet Asset Management Inc. now owns 50,412 shares of the company’s stock valued at $3,322,000 after buying an additional 684 shares in the last quarter. Gateway Wealth Partners LLC bought a new position in shares of First Trust Small Cap Growth AlphaDEX Fund in the second quarter valued at $586,000. Truist Financial Corp bought a new position in shares of First Trust Small Cap Growth AlphaDEX Fund in the second quarter valued at $214,000. Finally, Cetera Investment Advisers lifted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 54.9% in the second quarter. Cetera Investment Advisers now owns 56,902 shares of the company’s stock valued at $3,749,000 after buying an additional 20,158 shares in the last quarter.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

Shares of NASDAQ:FYC traded up $1.12 during trading on Tuesday, reaching $76.72. The stock had a trading volume of 51,295 shares, compared to its average volume of 51,862. The firm’s fifty day moving average is $80.56 and its 200 day moving average is $74.53. First Trust Small Cap Growth AlphaDEX Fund has a 52 week low of $58.94 and a 52 week high of $85.01. The stock has a market cap of $467.99 million, a price-to-earnings ratio of 15.06 and a beta of 1.19.

First Trust Small Cap Growth AlphaDEX Fund Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders 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.