First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Short Interest Up 2,400.0% in April

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - Get Free Report) saw 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 volume of 16,000 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

NASDAQ:FYC traded down $0.46 during mid-day trading on Thursday, reaching $62.48. 8,987 shares of the company's stock were exchanged, compared to its average volume of 27,630. First Trust Small Cap Growth AlphaDEX Fund has a one year low of $51.39 and a one year high of $66.25. The firm has a market capitalization of $256.17 million, a PE ratio of 13.95 and a beta of 1.19. The business's fifty day simple moving average is $63.80 and its two-hundred day simple moving average is $60.42.

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

A number of hedge funds have recently bought and sold shares of the business. Dunhill Financial LLC boosted its position in First Trust Small Cap Growth AlphaDEX Fund by 5.0% during the 3rd quarter. Dunhill Financial LLC now owns 27,062 shares of the company's stock worth $1,520,000 after buying an additional 1,277 shares during the period. Kingsview Wealth Management LLC boosted its position in First Trust Small Cap Growth AlphaDEX Fund by 5.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 40,964 shares of the company's stock worth $2,309,000 after buying an additional 2,052 shares during the period. Avantax Advisory Services Inc. raised its holdings in First Trust Small Cap Growth AlphaDEX Fund by 12.5% during 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. J Arnold Wealth Management Co bought a new position in First Trust Small Cap Growth AlphaDEX Fund during the 3rd quarter worth approximately $11,170,000. Finally, UBS Group AG raised its holdings in First Trust Small Cap Growth AlphaDEX Fund by 44.1% during the 3rd quarter. UBS Group AG now owns 36,472 shares of the company's stock worth $2,056,000 after purchasing an additional 11,158 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.