First Trust Small Cap Growth AlphaDEX Fund Price & Performance (FYC)

The ISM Manufacturing PMI for February recorded a reading of 50.3, marking slight growth in the U.S. manufacturing sector. However, this fell short of the 50.6 forecast. Weak demand and tariff-related cost pressures continue to weigh on the industry, though some optimism remains with four major sectors expanding.1

Former President Trump has invoked the Defense Production Act to bolster domestic mineral production and reduce reliance on imports. The executive order expedites mining permits and supports the development of critical minerals like uranium and potash, aiming to enhance industrial competitiveness and national security.2

The First Trust Mid Cap Growth AlphaDEX Fund experienced a 3.4% decline in value, closing at $73.18. Despite this drop, trading volume surged by 197% compared to the daily average. Institutional investors have shown mixed activity, with some increasing holdings while others divested.3