First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Short Interest Update

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 21,900 shares, an increase of 62.2% from the February 28th total of 13,500 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 56,900 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On First Trust Small Cap Growth AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FYC. Willner & Heller LLC grew its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.8% during the fourth quarter. Willner & Heller LLC now owns 7,497 shares of the company’s stock valued at $580,000 after acquiring an additional 133 shares in the last quarter. Harbour Investments Inc. grew its stake in First Trust Small Cap Growth AlphaDEX Fund by 9.4% during the 4th quarter. Harbour Investments Inc. now owns 3,917 shares of the company’s stock valued at $303,000 after purchasing an additional 335 shares in the last quarter. Jones Financial Companies Lllp grew its stake in First Trust Small Cap Growth AlphaDEX Fund by 12.4% during the 4th quarter. Jones Financial Companies Lllp now owns 3,453 shares of the company’s stock valued at $267,000 after purchasing an additional 381 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $31,000. Finally, Concourse Financial Group Securities Inc. acquired a new position in shares of First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter valued at approximately $32,000.

First Trust Small Cap Growth AlphaDEX Fund Trading Down 1.8 %

NASDAQ:FYC traded down $1.26 during trading hours on Friday, hitting $69.46. The stock had a trading volume of 40,547 shares, compared to its average volume of 31,498. The business has a 50 day simple moving average of $75.35 and a two-hundred day simple moving average of $76.91. First Trust Small Cap Growth AlphaDEX Fund has a 1-year low of $60.52 and a 1-year high of $85.01. The company has a market cap of $416.76 million, a PE ratio of 17.59 and a beta of 1.19.

First Trust Small Cap Growth AlphaDEX Fund Company Profile

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.