First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Stock Short Interest Drops 67.0%

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

First Trust Small Cap Growth AlphaDEX Fund Trading Down 2.4%

NASDAQ FYC traded down $2.77 on Friday, reaching $114.03. 68,511 shares of the company were exchanged, compared to its average volume of 74,740. The business’s fifty day moving average price is $116.54 and its 200 day moving average price is $111.78. The stock has a market capitalization of $1.33 billion, a P/E ratio of 20.27 and a beta of 1.19. First Trust Small Cap Growth AlphaDEX Fund has a fifty-two week low of $86.85 and a fifty-two week high of $127.57.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers grew its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 13.6% during the 1st quarter. Cetera Investment Advisers now owns 289,684 shares of the company’s stock worth $28,094,000 after purchasing an additional 34,676 shares during the period. Bank of America Corp DE raised its holdings in First Trust Small Cap Growth AlphaDEX Fund by 21.2% in the 1st quarter. Bank of America Corp DE now owns 244,266 shares of the company’s stock valued at $23,689,000 after buying an additional 42,752 shares during the period. Envestnet Asset Management Inc. lifted its position in First Trust Small Cap Growth AlphaDEX Fund by 4.1% in the second quarter. Envestnet Asset Management Inc. now owns 193,051 shares of the company’s stock valued at $24,583,000 after buying an additional 7,626 shares during the last quarter. Royal Bank of Canada increased its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 4.4% during the first quarter. Royal Bank of Canada now owns 171,140 shares of the company’s stock valued at $16,597,000 after acquiring an additional 7,183 shares during the last quarter. Finally, Richmond Investment Services LLC lifted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 2.7% in the 1st quarter. Richmond Investment Services LLC now owns 146,944 shares of the company’s stock worth $14,252,000 after acquiring an additional 3,859 shares during the last quarter.

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.