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

The First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) saw a significant rise in short interest during March. By March 15th, the total short interest reached 21,900 shares, reflecting a remarkable increase of 62.2% from the previous month's total of 13,500 shares. Currently, about 0.4% of the shares of the fund are being short sold. With an average trading volume of 56,900 shares, the short-interest ratio stands at 0.4 days.

Institutional Investors Weigh In On First Trust Small Cap Growth AlphaDEX Fund

Several institutional investors have made adjustments to their holdings in the First Trust Small Cap Growth AlphaDEX Fund. Willner & Heller LLC raised its stake in FYC by 1.8% during the fourth quarter, now owning 7,497 shares valued at $580,000 after adding 133 shares. Harbour Investments Inc. increased its stake by 9.4% in the same quarter, now holding 3,917 shares worth $303,000 after purchasing 335 additional shares. Jones Financial Companies Lllp also boosted its stake by 12.4%, now owning 3,453 shares valued at $267,000 after acquiring 381 more shares. Additionally, JPMorgan Chase & Co. bought a new stake valued at approximately $31,000 in the fourth quarter. Concourse Financial Group Securities Inc. also established a new position in FYC, valued at around $32,000.

First Trust Small Cap Growth AlphaDEX Fund Trading Down 1.8 %

On a recent trading day, NASDAQ:FYC experienced a decline of 1.8%, dropping $1.26 to reach $69.46. The trading volume for that day was 40,547 shares, surpassing the average volume of 31,498 shares. The fund has a 50-day simple moving average of $75.35 and a 200-day moving average of $76.91. Over the past year, FYC has recorded a low of $60.52 and a high of $85.01. The market capitalization of the fund is currently $416.76 million, with a price-to-earnings ratio of 17.59 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 tracks the NASDAQ AlphaDEX Small Cap Growth index. It utilizes a quantitative approach to select stocks from a small-cap growth universe, aiming to outperform the market. This fund was launched on April 18, 2011, and is managed by First Trust.

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Regular updates from financial analysts reveal which stocks are recommended for potential investment. While the First Trust Small Cap Growth AlphaDEX Fund holds a Hold rating, top analysts suggest considering other stocks that may provide better investment opportunities.

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