The First Trust Small Cap Growth AlphaDEX Fund (FYC) experienced a significant outflow of approximately $156.8 million, marking an 11.0% decrease in shares outstanding from 11,850,002 to 10,550,002. This change occurred over the past week.
As of the latest trading, FYC’s share price stands at $120.65, with its 52-week range spanning from a low of $77.11 to a high of $127.57. Key underlying assets include First Advantage Corp (FA), which is down around 1%, Oscar Health Inc (OSCR), up about 1.9%, and Acadian Asset Management Inc (AAMI), up by approximately 0.1%.
This ETF, like others, trades in units rather than shares, with notable inflows indicating new unit creation and outflows suggesting unit destruction, directly impacting the underlying components of the fund.
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