First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Stock Short Interest Jumps 320.5%

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 33,069 shares, an increase of 320.5% from the October 15th total of 7,865 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 88,404 shares, the days-to-cover ratio is presently 0.4 days.

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

Institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC raised its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 361.7% during the third quarter. Kestra Advisory Services LLC now owns 99,129 shares of the company’s stock valued at $11,432,000 after acquiring an additional 77,660 shares in the last quarter. Warner Group LLC grew its stake in First Trust Small Cap Growth AlphaDEX Fund by 111.8% in the third quarter. Warner Group LLC now owns 135,089 shares of the company’s stock worth $15,579,000 after purchasing an additional 71,316 shares in the last quarter. Baird Financial Group Inc. grew its stake in First Trust Small Cap Growth AlphaDEX Fund by 70.2% in the second quarter. Baird Financial Group Inc. now owns 124,071 shares of the company’s stock worth $15,799,000 after purchasing an additional 51,154 shares in the last quarter. Bank of America Corp DE increased its holdings in First Trust Small Cap Growth AlphaDEX Fund by 21.2% during the 1st quarter. Bank of America Corp DE now owns 244,266 shares of the company’s stock worth $23,689,000 after purchasing an additional 42,752 shares during the period. Finally, Redhawk Wealth Advisors Inc. purchased a new position in First Trust Small Cap Growth AlphaDEX Fund during the 2nd quarter worth $5,057,000.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

FYC stock opened at $115.96 on Thursday. First Trust Small Cap Growth AlphaDEX Fund has a 12 month low of $86.85 and a 12 month high of $127.57. The firm’s 50-day moving average is $115.36 and its 200 day moving average is $112.24. The company has a market capitalization of $1.37 billion, a PE ratio of 17.13 and a beta of 1.21.

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.