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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 7,700 shares, a decrease of 50.0% from the March 31st total of 15,400 shares. Based on an average daily trading volume, of 48,100 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

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

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $31,000. Concourse Financial Group Securities Inc. acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter valued at $32,000. Private Trust Co. NA increased its holdings in First Trust Small Cap Growth AlphaDEX Fund by 20.7% in the 4th quarter. Private Trust Co. NA now owns 2,488 shares of the company's stock worth $193,000 after acquiring an additional 426 shares in the last quarter. Pinnacle Bancorp Inc. raised its position in First Trust Small Cap Growth AlphaDEX Fund by 15.9% during the first quarter. Pinnacle Bancorp Inc. now owns 2,826 shares of the company's stock worth $194,000 after acquiring an additional 387 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in First Trust Small Cap Growth AlphaDEX Fund by 3,367.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,566 shares of the company's stock valued at $199,000 after purchasing an additional 2,492 shares in the last quarter.

First Trust Small Cap Growth AlphaDEX Fund Trading Up 2.3 %

FYC traded up $1.60 on Friday, reaching $70.37. The stock had a trading volume of 16,196 shares, compared to its average volume of 34,258. The business's 50-day moving average price is $68.49 and its two-hundred day moving average price is $75.52. The company has a market cap of $404.63 million, a P/E ratio of 17.03 and a beta of 1.19. 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.