First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sees Significant Growth in Short Interest

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 7,500 shares, a growth of 2,400.0% from the March 31st total of 300 shares. Based on an average daily volume of 16,000 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Small Cap Growth AlphaDEX Fund Trading Up 1.2 %

Shares of NASDAQ FYC opened at $63.23 on Friday. The business has a fifty day simple moving average of $63.75 and a 200 day simple moving average of $60.44. The firm has a market capitalization of $259.24 million, a price-to-earnings ratio of 13.95 and a beta of 1.19. First Trust Small Cap Growth AlphaDEX Fund has a one year low of $51.39 and a one year high of $66.25.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FYC. J Arnold Wealth Management Co acquired a new position in First Trust Small Cap Growth AlphaDEX Fund during the third quarter worth $11,170,000. International Assets Investment Management LLC acquired a new position in First Trust Small Cap Growth AlphaDEX Fund during the fourth quarter worth $10,467,000. Cambridge Investment Research Advisors Inc. raised its stake in First Trust Small Cap Growth AlphaDEX Fund by 392.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 85,555 shares of the company’s stock worth $5,621,000 after acquiring an additional 68,168 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in First Trust Small Cap Growth AlphaDEX Fund by 38.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 56,682 shares of the company’s stock worth $3,566,000 after acquiring an additional 15,718 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in First Trust Small Cap Growth AlphaDEX Fund by 41.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 53,047 shares of the company’s stock worth $3,338,000 after acquiring an additional 15,627 shares in the last quarter.

About First Trust Small Cap Growth AlphaDEX Fund

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.