First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sees Significant Growth in Short Interest

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 - ) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 48,700 shares, anincreaseof206.3% from the June 30th total of 15,900 shares. Based on an average daily volume of 28,600 shares, the short-interest ratio is presently 1.7 days. Based on an average daily volume of 28,600 shares, the short-interest ratio is presently 1.7 days.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

Shares of NASDAQ FYC opened at $77.98 on Monday. The stock has a fifty day moving average price of $78.16 and a 200 day moving average price of $74.38. First Trust Small Cap Growth AlphaDEX Fund has a 1-year low of $59.29 and a 1-year high of $85.01. The company has a market cap of $444.49 million, a PE ratio of 20.27 and a beta of 1.19.

Hedge Funds Weigh In On First Trust Small Cap Growth AlphaDEX Fund

A number of large investors have recently bought and sold shares of FYC. Fiduciary Trust Co acquired a new position in shares of First Trust Small Cap Growth AlphaDEX Fund during the fourth quarter worth about $203,000. Cetera Investment Advisers boosted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 27.8% in the fourth quarter. Cetera Investment Advisers now owns 109,730 shares of the company's stock valued at $8,496,000 after buying an additional 23,878 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in First Trust Small Cap Growth AlphaDEX Fund during the fourth quarter worth $31,000. Dunhill Financial LLC raised its position in First Trust Small Cap Growth AlphaDEX Fund by 93.5% in the fourth quarter. Dunhill Financial LLC now owns 13,985 shares of the company's stock worth $1,083,000 after acquiring an additional 6,759 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in First Trust Small Cap Growth AlphaDEX Fund by 3,367.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,566 shares of the company's stock worth $199,000 after acquiring an additional 2,492 shares in 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.