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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the target of a large growth in short interest in the month of 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. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 56,900 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of First Trust Small Cap Growth AlphaDEX Fund

Institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $350,000. Plotkin Financial Advisors LLC bought a new position in First Trust Small Cap Growth AlphaDEX Fund during the 4th quarter worth $200,000. Richmond Investment Services LLC acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the 4th quarter worth $3,562,000. Fiduciary Trust Co acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the 4th quarter worth $203,000. Finally, Dunhill Financial LLC increased its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 93.5% in the fourth quarter. Dunhill Financial LLC now owns 13,985 shares of the company’s stock worth $1,083,000 after purchasing an additional 6,759 shares during the period.

First Trust Small Cap Growth AlphaDEX Fund Trading Down 1.8 %

FYC stock traded down $1.26 during trading hours on Friday, hitting $69.46. 40,547 shares of the stock were exchanged, compared to its average volume of 31,498. The company has a 50-day simple moving average of $75.35 and a two-hundred day simple moving average of $76.91. The firm has a market capitalization of $416.76 million, a P/E ratio of 17.59 and a beta of 1.19. First Trust Small Cap Growth AlphaDEX Fund has a 12 month low of $60.52 and a 12 month high of $85.01.

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.