First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Short Interest Down 61.4% in July

Key Points

• Short interest fell 61.4% to 13,987 shares as of July 31, down from 36,281 shares two weeks earlier. Short interest represents roughly 0.1% of outstanding shares, with a days-to-cover ratio of 0.2.
• Several institutional investors initiated positions in FYC during the second quarter, including Redhawk Wealth Advisors, which acquired a stake valued at approximately $5.1 million; World Equity Group also increased its holdings by 6.6%.
• FYC opened at $123.51, near its 12-month high of $127.57, and recently paid a quarterly dividend of $0.1297 per share, equivalent to an annualized dividend of about $0.52 and a 0.4% yield.

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - ) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 13,987 shares, a decrease of 61.4% from the July 15th total of 36,281 shares. Based on an average trading volume of 88,875 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company's stock are sold short.

Institutional Trading of First Trust Small Cap Growth AlphaDEX Fund

Several large investors have recently bought and sold shares of the stock. Fulcrum Equity Management purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund during the 2nd quarter valued at about $249,000. Redhawk Wealth Advisors Inc. acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the 2nd quarter valued at about $5,057,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the second quarter valued at approximately $728,000. World Equity Group Inc. increased its holdings in First Trust Small Cap Growth AlphaDEX Fund by 6.6% in the 2nd quarter. World Equity Group Inc. now owns 6,368 shares of the company's stock worth $811,000 after acquiring an additional 395 shares in the last quarter. Finally, Worth Asset Management LLC purchased a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the second quarter worth about $316,000.

First Trust Small Cap Growth AlphaDEX Fund Stock Up 0.2%

First Trust Small Cap Growth AlphaDEX Fund stock opened at $123.51 on Friday. The firm has a market cap of $1.33 billion, a P/E ratio of 20.27 and a beta of 1.17. First Trust Small Cap Growth AlphaDEX Fund has a twelve month low of $81.94 and a twelve month high of $127.57. The business has a fifty day moving average of $120.73 and a two-hundred day moving average of $110.26.

First Trust Small Cap Growth AlphaDEX Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.1297 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.52 dividend on an annualized basis and a yield of 0.4%.

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.

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