First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Shares Shorted: Short Interest Up 320.5% in October

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 33,069 shares, an increase of 320.5% from the October 15th total of 7,865 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 88,404 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust Small Cap Growth AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Benjamin Edwards Inc. purchased a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the 3rd quarter valued at $541,000. Warner Group LLC boosted its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 111.8% in the 3rd quarter. Warner Group LLC now owns 135,089 shares of the company’s stock worth $15,579,000 after purchasing an additional 71,316 shares in the last quarter. Proactive Wealth Strategies LLC grew its stake in First Trust Small Cap Growth AlphaDEX Fund by 1.7% during the 3rd quarter. Proactive Wealth Strategies LLC now owns 23,424 shares of the company’s stock worth $2,702,000 after buying an additional 400 shares during the last quarter. Private Advisory Group LLC grew its stake in First Trust Small Cap Growth AlphaDEX Fund by 3.2% during the 3rd quarter. Private Advisory Group LLC now owns 10,161 shares of the company’s stock worth $1,172,000 after buying an additional 315 shares during the last quarter. Finally, Summit Financial Consulting LLC purchased a new position in First Trust Small Cap Growth AlphaDEX Fund during the 3rd quarter worth $1,865,000.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

NASDAQ:FYC traded down $0.80 during midday trading on Friday, reaching $112.76. 268,040 shares of the stock traded hands, compared to its average volume of 75,999. First Trust Small Cap Growth AlphaDEX Fund has a 12-month low of $86.85 and a 12-month high of $127.57. The business has a 50-day moving average of $115.25 and a two-hundred day moving average of $112.30. The stock has a market capitalization of $1.33 billion, a PE ratio of 17.13 and a beta of 1.21.

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.