Short Interest in First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Increases By 2,400.0%

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 7,500 shares, an increase 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 Stock Down 0.7 %

Shares of FYC opened at $62.48 on Friday. First Trust Small Cap Growth AlphaDEX Fund has a 52-week low of $51.39 and a 52-week high of $66.25. The firm’s fifty day moving average is $63.80 and its two-hundred day moving average is $60.42. The stock has a market cap of $256.17 million, a PE ratio of 13.95 and a beta of 1.19.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. J Arnold Wealth Management Co acquired a new position in shares of First Trust Small Cap Growth AlphaDEX Fund during the 3rd quarter valued at about $11,170,000. International Assets Investment Management LLC acquired a new position in shares of First Trust Small Cap Growth AlphaDEX Fund during the 4th quarter valued at about $10,467,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 392.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 85,555 shares of the company’s stock valued at $5,621,000 after acquiring an additional 68,168 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 38.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 56,682 shares of the company’s stock valued at $3,566,000 after acquiring an additional 15,718 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 41.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 53,047 shares of the company’s stock valued at $3,338,000 after acquiring an additional 15,627 shares during 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.