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

The First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) has seen a notable rise in its short interest during March. As of March 15th, the total short interest reached 21,900 shares, representing a significant increase of 62.2% from the previous figure of 13,500 shares reported on February 28th. This indicates that around 0.4% of the company's shares are currently sold short. With an average trading volume of 56,900 shares, the short-interest ratio stands at 0.4 days, suggesting a relatively quick potential cover for short sellers.

Institutional Investors Involvement in FYC

In recent months, numerous hedge funds and institutional investors have adjusted their positions in the First Trust Small Cap Growth AlphaDEX Fund. Willner & Heller LLC increased its stake by 1.8% during the fourth quarter, owning 7,497 shares valued at approximately $580,000 after acquiring 133 additional shares. Harbour Investments Inc. raised its ownership by 9.4% during the same period, currently holding 3,917 shares valued at $303,000 after purchasing 335 shares. Meanwhile, Jones Financial Companies Lllp also increased its stake by 12.4%, owning 3,453 shares worth $267,000 after adding 381 shares. Additionally, JPMorgan Chase & Co. initiated a new investment in FYC valued at around $31,000, and Concourse Financial Group Securities Inc. also entered with a position worth approximately $32,000.

Latest Trading Performance of FYC

On a recent trading day, the share price of NASDAQ:FYC declined by 1.8%, closing at $69.46. The trading volume for that day was reported at 40,547 shares, compared to its typical volume of 31,498 shares. The fund's 50-day simple moving average is currently at $75.35, while the 200-day simple moving average is $76.91. Over the past year, the stock has seen a low of $60.52 and a high of $85.01. The market capitalization of FYC stands at approximately $416.76 million, with a price-to-earnings ratio of 17.59 and a beta of 1.19, indicating some level of volatility in relation to the market.

Company Overview of the First Trust Small Cap Growth AlphaDEX Fund

The First Trust Small Cap Growth AlphaDEX Fund (FYC) is an exchange-traded fund that tracks the NASDAQ AlphaDEX Small Cap Growth Index. This fund employs a quantitative approach to select stocks from a small-cap growth universe, aiming to achieve returns that outperform the broader market. The fund was launched on April 18, 2011, and is managed by First Trust.

Conclusion and Further Considerations

This recent spike in short interest reflects changing sentiments around the First Trust Small Cap Growth AlphaDEX Fund, which may warrant attention from investors. Potential investors might evaluate analyst opinions before making financial decisions regarding FYC.

Fund, Stocks, Investment