First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC – Get Free Report) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 4,600 shares, a decline 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 presently 0.1 days.
Hedge Funds Weigh In On First Trust Small Cap Growth AlphaDEX Fund
Several hedge funds have recently made changes to their positions in FYC. Private Trust Co. NA grew its stake in First Trust Small Cap Growth AlphaDEX Fund by 213.9% in the third quarter. Private Trust Co. NA now owns 2,062 shares of the company’s stock worth $153,000 after purchasing an additional 1,405 shares during the period. Great Valley Advisor Group Inc. purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund in the third quarter worth $200,000. Truist Financial Corp purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund in the second quarter worth $214,000. Wealth Effects LLC grew its stake in First Trust Small Cap Growth AlphaDEX Fund by 13.9% in the third quarter. Wealth Effects LLC now owns 3,482 shares of the company’s stock worth $259,000 after purchasing an additional 425 shares during the period. Finally, Prospera Financial Services Inc grew its stake in First Trust Small Cap Growth AlphaDEX Fund by 17.6% in the third quarter. Prospera Financial Services Inc now owns 5,845 shares of the company’s stock worth $435,000 after purchasing an additional 873 shares during the period.
First Trust Small Cap Growth AlphaDEX Fund Stock Up 1.5 %
Shares of FYC traded up $1.12 during mid-day trading on Tuesday, hitting $76.72. 51,295 shares of the company’s stock traded hands, compared to its average volume of 51,862. First Trust Small Cap Growth AlphaDEX Fund has a 1 year low of $58.94 and a 1 year high of $85.01. The firm has a market capitalization of $467.99 million, a P/E ratio of 15.06 and a beta of 1.19. The business’s 50-day moving average price is $80.56 and its 200-day moving average price is $74.53.
First Trust Small Cap Growth AlphaDEX Fund Announces Dividend
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.
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