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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 21,400 shares, a decrease of 71.9% from the May 15th total of 76,100 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 37,400 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 60.2% during the 4th quarter. Wells Fargo & Company MN now owns 410,264 shares of the company's stock valued at $31,767,000 after acquiring an additional 154,103 shares during the last quarter. Raymond James Financial Inc. bought a new stake in First Trust Small Cap Growth AlphaDEX Fund in the fourth quarter worth $10,409,000. Brueske Advisory Services LLC bought a new stake in First Trust Small Cap Growth AlphaDEX Fund in the fourth quarter worth $8,285,000. Independent Advisor Alliance bought a new stake in First Trust Small Cap Growth AlphaDEX Fund in the fourth quarter worth $6,230,000. Finally, Marshall Investment Management LLC bought a new stake in First Trust Small Cap Growth AlphaDEX Fund in the fourth quarter worth $4,933,000.

First Trust Small Cap Growth AlphaDEX Fund Stock Up 1.2%

FYC stock traded up $0.89 during midday trading on Monday, hitting $76.06. The company's stock had a trading volume of 10,465 shares, compared to its average volume of 36,080. First Trust Small Cap Growth AlphaDEX Fund has a 12 month low of $59.29 and a 12 month high of $85.01. The firm has a market capitalization of $437.35 million, a price-to-earnings ratio of 17.33 and a beta of 1.19. The company has a 50 day moving average of $71.38 and a two-hundred day moving average of $74.45.

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.