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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the recipient of a large increase in short interest during 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 presently 1.0 days.

First Trust Small Cap Growth AlphaDEX Fund Trading Down 0.4 %

First Trust Small Cap Growth AlphaDEX Fund stock traded down $0.27 during midday trading on Wednesday, reaching $75.52. 709 shares of the stock traded hands, compared to its average volume of 20,053. The firm has a fifty day moving average price of $73.08 and a two-hundred day moving average price of $68.83. First Trust Small Cap Growth AlphaDEX Fund has a fifty-two week low of $51.73 and a fifty-two week high of $76.50. The firm has a market cap of $351.17 million, a price-to-earnings 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 given a $0.344 dividend. This represents a $1.38 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from First Trust Small Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.07.

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

Several hedge funds have recently bought and sold shares of FYC. Heritage Oak Wealth Advisors LLC acquired a new position in shares of First Trust Small Cap Growth AlphaDEX Fund during the 3rd quarter worth $7,128,000. Cetera Investment Advisers bought a new stake in First Trust Small Cap Growth AlphaDEX Fund during the first quarter worth approximately $2,414,000. Raymond James & Associates raised its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 52.3% in the third quarter. Raymond James & Associates now owns 78,513 shares of the company’s stock valued at $5,839,000 after purchasing an additional 26,945 shares during the period. Gateway Wealth Partners LLC acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the second quarter worth $586,000. Finally, Private Advisor Group LLC bought a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the 1st quarter worth $553,000.

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.