First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Shares Shorted: Short Interest Down 67.0% in October

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 7,865 shares, a decline of 67.0% from the September 30th total of 23,844 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 100,742 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Small Cap Growth AlphaDEX Fund Trading Down 2.4%

Shares of FYC stock traded down $2.77 during mid-day trading on Friday, reaching $114.03. The stock had a trading volume of 68,511 shares, compared to its average volume of 74,740. The business’s fifty day moving average is $116.54 and its 200-day moving average is $111.78. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 20.27 and a beta of 1.19. First Trust Small Cap Growth AlphaDEX Fund has a 1-year low of $86.85 and a 1-year high of $127.57.

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

Several hedge funds and other institutional investors have recently bought and sold shares of FYC. Bullseye Investment Management LLC acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund during the 2nd quarter valued at approximately $51,000. M.E. Allison & CO. Inc. acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the second quarter worth $222,000. Fulcrum Equity Management acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the second quarter worth $249,000. Worth Asset Management LLC acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the second quarter worth $316,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the first quarter worth $253,000.

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.