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) 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 currently 0.5 days.

First Trust Small Cap Growth AlphaDEX Fund Trading Down 0.7 %

NASDAQ:FYC opened at $62.48 on Friday. The firm has a market capitalization of $256.17 million, a price-to-earnings ratio of 13.95 and a beta of 1.19. First Trust Small Cap Growth AlphaDEX Fund has a 1-year low of $51.39 and a 1-year high of $66.25. The business’s fifty day moving average price is $63.80 and its 200 day moving average price is $60.42.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FYC. CWM LLC increased its position in First Trust Small Cap Growth AlphaDEX Fund by 22.7% in the 4th quarter. CWM LLC now owns 1,168 shares of the company’s stock worth $74,000 after purchasing an additional 216 shares during the last quarter. Wealth Effects LLC acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter worth about $208,000. Tidemark LLC acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter worth about $235,000. Arkadios Wealth Advisors acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter worth about $253,000. Finally, Avantax Advisory Services Inc. increased its position in First Trust Small Cap Growth AlphaDEX Fund by 12.5% in the 3rd quarter. Avantax Advisory Services Inc. now owns 8,148 shares of the company’s stock worth $459,000 after purchasing an additional 906 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.