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

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

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

FYC stock opened at $115.96 on Thursday. The company has a market capitalization of $1.37 billion, a P/E ratio of 17.13 and a beta of 1.21. First Trust Small Cap Growth AlphaDEX Fund has a 52-week low of $86.85 and a 52-week high of $127.57. The business has a 50-day simple moving average of $115.36 and a two-hundred day simple moving average of $112.24.

Institutional Trading of First Trust Small Cap Growth AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in FYC. Private Advisor Group LLC raised its stake in First Trust Small Cap Growth AlphaDEX Fund by 61.6% during the 3rd quarter. Private Advisor Group LLC now owns 14,712 shares of the company’s stock valued at $1,697,000 after buying an additional 5,609 shares during the last quarter. Warner Group LLC boosted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 111.8% in the 3rd quarter. Warner Group LLC now owns 135,089 shares of the company’s stock worth $15,579,000 after buying an additional 71,316 shares during the last quarter. Proactive Wealth Strategies LLC boosted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.7% in the 3rd quarter. Proactive Wealth Strategies LLC now owns 23,424 shares of the company’s stock worth $2,702,000 after buying an additional 400 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 100.4% in the third quarter. Thoroughbred Financial Services LLC now owns 5,938 shares of the company’s stock worth $684,000 after acquiring an additional 2,975 shares during the period. Finally, Bessemer Group Inc. bought a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the third quarter worth $277,000.

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.