First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Short Interest Update

The First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - Get Free Report) experienced a notable increase in short interest during March. As of March 15th, the short interest stood at a total of 21,900 shares, marking a 62.2% rise from 13,500 shares reported on February 28th. This means that roughly 0.4% of the company’s stock is currently short sold. With an average trading volume of 56,900 shares, the short-interest ratio is now at 0.4 days.

Institutional Investors and Their Impact on FYC

Recently, several hedge funds and institutional investors have changed their positions regarding the First Trust Small Cap Growth AlphaDEX Fund. For example, Willner & Heller LLC raised its stake by 1.8% in the fourth quarter, now owning 7,497 shares valued at $580,000 after acquiring an additional 133 shares. Similarly, Harbour Investments Inc. increased its holdings by 9.4% during the same period, bringing their total to 3,917 shares worth $303,000 after a purchase of 335 shares. Jones Financial Companies Lllp also expanded its investment by 12.4%, ending up with 3,453 shares valued at $267,000 following the acquisition of 381 shares. Additionally, JPMorgan Chase & Co. made a new investment in FYC in the fourth quarter, valued at approximately $31,000, while Concourse Financial Group Securities Inc. also acquired a new position valued at around $32,000.

Market Performance of First Trust Small Cap Growth AlphaDEX Fund

On Friday, the First Trust Small Cap Growth AlphaDEX Fund traded down by 1.8%, falling to a price of $69.46. The stock recorded a trading volume of 40,547 shares, which is above its average trading volume of 31,498 shares. Presently, the fund has a 50-day simple moving average of $75.35 and a 200-day simple moving average of $76.91. Over the past year, the stock hit a low of $60.52 and reached a high of $85.01. The current market capitalization of the fund is $416.76 million, with a price-to-earnings (PE) ratio of 17.59 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 designed to follow the NASDAQ AlphaDEX Small Cap Growth index. This fund uses a quantitative methodology to select stocks from a small-cap growth universe, with the intention of outperforming the market. FYC was launched on April 18, 2011, and is managed by First Trust.

Investment Considerations

Potential investors looking into the First Trust Small Cap Growth AlphaDEX Fund may want to consider additional insights from analysts. While the fund maintains a Hold rating among many analysts, there might be other stocks perceived as better investments based on current market analysis. Investors are encouraged to conduct thorough research before making investment decisions.

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