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 recipient of a significant growth in short interest in the month of 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 trading volume, of 16,000 shares, the short-interest ratio is presently 0.5 days.

First Trust Small Cap Growth AlphaDEX Fund Stock Up 1.2 %

FYC opened at $63.23 on Friday. The firm has a market capitalization of $259.24 million, a P/E ratio of 13.95 and a beta of 1.19. The firm’s 50 day moving average is $63.75 and its 200-day moving average is $60.44. First Trust Small Cap Growth AlphaDEX Fund has a 52-week low of $51.39 and a 52-week high of $66.25.

Institutional Trading of First Trust Small Cap Growth AlphaDEX Fund

A number of hedge funds have recently made changes to their positions in FYC. J Arnold Wealth Management Co increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 5.4% in the fourth quarter. J Arnold Wealth Management Co now owns 208,878 shares of the company’s stock worth $13,143,000 after buying an additional 10,694 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the fourth quarter worth $10,467,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 147,898 shares of the company’s stock worth $9,306,000 after buying an additional 2,749 shares during the last quarter. IFP Advisors Inc increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 9.6% in the fourth quarter. IFP Advisors Inc now owns 119,687 shares of the company’s stock worth $7,531,000 after buying an additional 10,531 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 392.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 85,555 shares of the company’s stock worth $5,621,000 after buying an additional 68,168 shares during the last quarter.

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.