First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Short Interest Down 71.9% in May

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) saw a significant drop in short interest in May. As of May 31st, there was short interest totalling 21,400 shares, a drop of 71.9% from the May 15th total of 76,100 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 37,400 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of First Trust Small Cap Growth AlphaDEX Fund

A number of hedge funds have recently made changes to their positions in FYC. JPMorgan Chase & Co. purchased a new position in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $31,000. Concourse Financial Group Securities Inc. purchased a new position in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $32,000. Montag A & Associates Inc. purchased a new position in First Trust Small Cap Growth AlphaDEX Fund in the 1st quarter worth approximately $34,000. Capital Analysts LLC purchased a new position in First Trust Small Cap Growth AlphaDEX Fund in the 1st quarter worth approximately $41,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Small Cap Growth AlphaDEX Fund by 102.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 873 shares of the company’s stock worth $60,000 after acquiring an additional 442 shares during the last quarter.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

Shares of FYC stock opened at $75.17 on Friday. The business’s fifty day moving average is $71.08 and its 200 day moving average is $74.58. First Trust Small Cap Growth AlphaDEX Fund has a 52-week low of $59.29 and a 52-week high of $85.01. The company has a market capitalization of $432.23 million, a PE ratio of 17.33 and a beta of 1.19.

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.