First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Short Interest Update

Key Points

• The short interest for the First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) increased by 206.3% in July, reaching a total of 48,700 shares as of July 15th.
• The fund currently has a market cap of $444.49 million, a PE ratio of 20.27, and has shown a price movement between a 1-year low of $59.29 and a high of $85.01.
• Several large investors, including Cetera Investment Advisers and Tower Research Capital LLC, significantly increased their holdings in FYC during the fourth quarter.

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - Get Free Report) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 48,700 shares, agrowthof206.3% from the June 30th total of 15,900 shares. Based on an average trading volume of 28,600 shares, the days-to-cover ratio is currently 1.7 days. Based on an average trading volume of 28,600 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $31,000. Concourse Financial Group Securities Inc. purchased a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the 4th quarter worth $32,000. Montag A & Associates Inc. acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund in the first quarter valued at approximately $34,000. Capital Analysts LLC purchased a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the first quarter worth about $41,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in First Trust Small Cap Growth AlphaDEX Fund by 102.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 873 shares of the company's stock worth $60,000 after acquiring an additional 442 shares during the period.

First Trust Small Cap Growth AlphaDEX Fund Trading Down 0.2%

Shares of FYC traded down $0.19 during midday trading on Thursday, reaching $81.04. The stock had a trading volume of 20,227 shares, compared to its average volume of 39,420. The company has a market capitalization of $461.93 million, a price-to-earnings ratio of 20.27 and a beta of 1.19. The company's 50-day moving average is $78.54 and its 200 day moving average is $74.48. First Trust Small Cap Growth AlphaDEX Fund has a 12-month low of $59.29 and a 12-month high of $85.01.

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.