First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Short Interest Up 113.6% in December

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 45,700 shares, an increase of 113.6% from the November 30th total of 21,400 shares. Based on an average trading volume of 39,700 shares, the short-interest ratio is currently 1.2 days.

Institutional Trading of First Trust Small Cap Growth AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. lifted its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 2.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 87,270 shares of the company’s stock worth $5,750,000 after purchasing an additional 1,715 shares during the period. International Assets Investment Management LLC purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund in the second quarter worth about $135,000. Concurrent Investment Advisors LLC boosted its position in First Trust Small Cap Growth AlphaDEX Fund by 1.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 79,573 shares of the company’s stock valued at $5,243,000 after acquiring an additional 808 shares in the last quarter. Strategic Equity Management purchased a new position in shares of First Trust Small Cap Growth AlphaDEX Fund during the 2nd quarter worth approximately $483,000. Finally, LPL Financial LLC raised its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.5% in the 2nd quarter. LPL Financial LLC now owns 470,730 shares of the company’s stock worth $31,016,000 after acquiring an additional 7,033 shares in the last quarter.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

NASDAQ:FYC traded down $1.46 during mid-day trading on Friday, reaching $78.37. 17,378 shares of the company’s stock traded hands, compared to its average volume of 25,837. The company has a 50 day moving average price of $79.98 and a 200-day moving average price of $73.40. The firm has a market capitalization of $364.42 million, a price-to-earnings ratio of 15.06 and a beta of 1.19. First Trust Small Cap Growth AlphaDEX Fund has a 12-month low of $58.94 and a 12-month high of $85.01.

First Trust Small Cap Growth AlphaDEX Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.1473 per share. The ex-dividend date of this dividend is Friday, December 13th.

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.