Short Interest in First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Declines By 73.6%

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC – Get Rating) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totalling 3,200 shares, a decrease of 73.6% from the April 15th total of 12,100 shares. Based on an average daily trading volume, of 40,000 shares, the days-to-cover ratio is presently 0.1 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Claraphi Advisory Network LLC acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter worth about $573,000. CWM LLC acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter worth about $83,000. Atria Investments LLC raised its holdings in First Trust Small Cap Growth AlphaDEX Fund by 6.4% in the 4th quarter. Atria Investments LLC now owns 50,079 shares of the company’s stock worth $3,734,000 after purchasing an additional 3,026 shares during the period. Ignite Planners LLC acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter worth about $305,000. Finally, Avestar Capital LLC acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter worth about $7,881,000.

Shares of FYC opened at $54.37 on Thursday. First Trust Small Cap Growth AlphaDEX Fund has a 52 week low of $54.37 and a 52 week high of $81.14. The stock’s 50-day moving average price is $64.66 and its 200-day moving average price is $69.30.

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