First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Short Interest Up 62.2% in March

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

First Trust Small Cap Growth AlphaDEX Fund Price Performance

FYC stock traded up $1.36 during trading hours on Wednesday, reaching $70.45. The stock had a trading volume of 12,775 shares, compared to its average volume of 31,540. The stock has a 50-day simple moving average of $74.72 and a 200 day simple moving average of $76.87. First Trust Small Cap Growth AlphaDEX Fund has a fifty-two week low of $60.52 and a fifty-two week high of $85.01. The stock has a market capitalization of $422.70 million, a PE ratio of 17.59 and a beta of 1.19.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN increased its position in First Trust Small Cap Growth AlphaDEX Fund by 60.2% during the fourth quarter. Wells Fargo & Company MN now owns 410,264 shares of the company's stock worth $31,767,000 after buying an additional 154,103 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust Small Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $10,409,000. Eclectic Associates Inc. ADV increased its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 1,980.4% during the 4th quarter. Eclectic Associates Inc. ADV now owns 128,192 shares of the company's stock worth $9,926,000 after acquiring an additional 122,030 shares during the last quarter. Brueske Advisory Services LLC bought a new stake in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter valued at $8,285,000. Finally, Independent Advisor Alliance acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund during the 4th quarter valued at $6,230,000.

Remove Ads

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.