Significant Rise in Short Interest for First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC)

The First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) has seen a remarkable increase in short interest throughout December. As of December 15th, the total short interest reached 45,700 shares, marking an impressive rise of 113.6% from the 21,400 shares reported on November 30th. With an average daily trading volume of 39,700 shares, the current short-interest ratio stands at 1.2 days, indicating a potentially higher interest from traders.

Institutional Investment Changes

Numerous hedge funds have adjusted their stakes in the First Trust Small Cap Growth AlphaDEX Fund recently. For instance, International Assets Investment Management LLC established a new position in the fund during the second quarter, valued at $135,000. Additionally, Private Trust Co. NA significantly increased its holdings by 213.9% in the third quarter, now owning 2,062 shares valued at $153,000 after acquiring an extra 1,405 shares last quarter. Great Valley Advisor Group Inc. also made a notable investment, purchasing new shares worth approximately $200,000 in the third quarter. Truist Financial Corp entered the market with a new position valued at around $214,000 during the second quarter, while Wealth Effects LLC raised its stake by 13.9% in the third quarter and currently possesses 3,482 shares worth $259,000 after buying 425 additional shares.

Stock Performance Overview

On Friday, shares of NASDAQ FYC experienced a decrease of $1.46 during midday trading, bringing the price to $78.37. The trading volume for the day stood at 17,378 shares, below the average trading volume of 25,837. The market capitalization of the company is approximately $364.42 million, with a P/E ratio of 15.06 and a beta of 1.19. The fund's 50-day moving average is priced at $79.98, while the 200-day moving average sits at $73.40. Over the past year, the fund has seen a low of $58.94 and a high of $85.01.

Dividend Announcement

The First Trust Small Cap Growth AlphaDEX Fund has also announced a dividend to be paid on Tuesday, December 31st. Shareholders on record as of Friday, December 13th, will receive a dividend of $0.1473 per share. The ex-dividend date is also set for Friday, December 13th.

Fund Information

The First Trust Small Cap Growth AlphaDEX Fund (FYC) is an exchange-traded fund (ETF) that follows the NASDAQ AlphaDEX Small Cap Growth index. This fund aims to outperform the market by tracking a quantitative index that selects stocks from the small-cap growth sector. Launched on April 18, 2011, the fund is managed by First Trust.

Investment Consideration

Before deciding to invest in the First Trust Small Cap Growth AlphaDEX Fund, it is advisable to examine other market options as well. Analysts often recommend looking at a range of investment opportunities, and currently, there are five stocks that are suggested as preferable choices compared to FYC.

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