Short Interest in First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Rises By 33.3%

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 1,200 shares, an increase of 33.3% from the May 15th total of 900 shares. Based on an average trading volume of 11,500 shares, the short-interest ratio is presently 0.1 days.

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

A number of large investors have recently bought and sold shares of the business. J Arnold Wealth Management Co lifted its position in First Trust Small Cap Growth AlphaDEX Fund by 5.4% during the fourth quarter. J Arnold Wealth Management Co now owns 208,878 shares of the company’s stock worth $13,143,000 after buying an additional 10,694 shares in the last quarter. International Assets Investment Management LLC purchased a new position in First Trust Small Cap Growth AlphaDEX Fund during the fourth quarter worth approximately $10,467,000. Raymond James Financial Services Advisors Inc. lifted its position in First Trust Small Cap Growth AlphaDEX Fund by 1.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 147,898 shares of the company’s stock worth $9,306,000 after buying an additional 2,749 shares in the last quarter. IFP Advisors Inc lifted its position in First Trust Small Cap Growth AlphaDEX Fund by 9.6% during the fourth quarter. IFP Advisors Inc now owns 119,687 shares of the company’s stock worth $7,531,000 after buying an additional 10,531 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in First Trust Small Cap Growth AlphaDEX Fund by 392.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 85,555 shares of the company’s stock worth $5,621,000 after buying an additional 68,168 shares in the last quarter.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

Shares of NASDAQ:FYC opened at $65.03 on Monday. The business’s 50-day moving average is $65.04 and its 200 day moving average is $63.31. First Trust Small Cap Growth AlphaDEX Fund has a 1 year low of $51.39 and a 1 year high of $67.69. The firm has a market capitalization of $266.62 million, a P/E ratio of 15.06 and a beta of 1.19.

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.