Short Interest in First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Declines By 29.7%

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - Get Free Report) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 15,400 shares, a decline of 29.7% from the March 15th total of 21,900 shares. Based on an average daily volume of 51,800 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the company's stock are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund during the 4th quarter worth $31,000. Concourse Financial Group Securities Inc. acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the fourth quarter worth about $32,000. Private Trust Co. NA increased its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 20.7% during the fourth quarter. Private Trust Co. NA now owns 2,488 shares of the company's stock worth $193,000 after purchasing an additional 426 shares in the last quarter. Pinnacle Bancorp Inc. boosted its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 15.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 2,826 shares of the company's stock valued at $194,000 after purchasing an additional 387 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in First Trust Small Cap Growth AlphaDEX Fund by 3,367.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,566 shares of the company's stock worth $199,000 after buying an additional 2,492 shares during the last quarter.

First Trust Small Cap Growth AlphaDEX Fund Stock Up 1.9 %

FYC traded up $1.23 on Wednesday, reaching $67.05. The company's stock had a trading volume of 142,536 shares, compared to its average volume of 33,957. The company has a market capitalization of $382.19 million, a price-to-earnings ratio of 15.68 and a beta of 1.19. First Trust Small Cap Growth AlphaDEX Fund has a fifty-two week low of $59.29 and a fifty-two week high of $85.01. The stock has a 50 day moving average of $69.63 and a two-hundred day moving average of $75.76.

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.