First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sees Large Volume Increase - What's Next?

Key Points

• The First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) experienced a significant trading volume increase of 23%, with approximately 47,821 shares traded on Wednesday, compared to 38,772 shares the previous session.
• The fund's stock price rose to $89.34, up from a prior close of $88.73, and it has a market capitalization of $507.87 million.
• Institutional investors have been actively purchasing shares, with notable increases in holdings from firms such as Kestra Advisory Services LLC and US Bancorp DE.

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - Get Free Report) shares saw an uptick in trading volume on Wednesday . 47,821 shares traded hands during mid-day trading, an increase of 23% from the previous session's volume of 38,772 shares.The stock last traded at $89.34 and had previously closed at $88.73.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

The company has a market capitalization of $520.24 million, a price-to-earnings ratio of 20.27 and a beta of 1.19. The company has a 50 day moving average price of $84.08 and a 200 day moving average price of $76.33.

Institutional Trading of First Trust Small Cap Growth AlphaDEX Fund

Hedge funds have recently made changes to their positions in the stock. Montag A & Associates Inc. bought a new stake in First Trust Small Cap Growth AlphaDEX Fund in the first quarter worth $34,000. Capital Analysts LLC bought a new position in First Trust Small Cap Growth AlphaDEX Fund in the first quarter worth approximately $41,000. Twin Peaks Wealth Advisors LLC purchased a new position in First Trust Small Cap Growth AlphaDEX Fund during the second quarter valued at $68,000. Northwestern Mutual Wealth Management Co. lifted its position in First Trust Small Cap Growth AlphaDEX Fund by 102.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 873 shares of the company's stock valued at $60,000 after purchasing an additional 442 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the 2nd quarter worth about $147,000.

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.