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

The First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) observed a notable increase in short interest during March. As of March 15th, the total short interest rose to 21,900 shares, which represents a significant growth of 62.2% compared to the 13,500 shares reported on February 28th. This indicates that roughly 0.4% of the total shares of the fund are currently sold short. With an average trading volume at 56,900 shares, the short-interest ratio is calculated to be about 0.4 days.

Institutional Investors' Activity in the Fund

Recently, several institutional investors made adjustments to their holdings in the First Trust Small Cap Growth AlphaDEX Fund. Willner & Heller LLC increased its stake by 1.8% in the fourth quarter, now owning 7,497 shares valued at approximately $580,000 after acquiring an additional 133 shares. Harbour Investments Inc. also raised its position by 9.4% during the same period, now holding 3,917 shares valued at about $303,000 following the purchase of 335 shares. Jones Financial Companies Lllp boosted its stake in the fund by 12.4%, now possessing 3,453 shares valued at approximately $267,000 after acquiring an additional 381 shares. Furthermore, JPMorgan Chase & Co. purchased a new stake in the fund worth around $31,000 in the last quarter, while Concourse Financial Group Securities Inc. acquired a new position valued at approximately $32,000.

Recent Trading Performance

On Friday, the shares of the First Trust Small Cap Growth AlphaDEX Fund traded down by 1.8%, hitting a price of $69.46. The trading volume for the day was 40,547 shares, slightly exceeding the average volume of 31,498. The fund's 50-day simple moving average stands at $75.35, with its 200-day moving average at $76.91. The fund has observed a 1-year low of $60.52 and a high of $85.01. It currently holds a market cap of $416.76 million, a P/E ratio of 17.59, and a beta of 1.19.

Profile of the First Trust Small Cap Growth AlphaDEX Fund

The First Trust Small Cap Growth AlphaDEX Fund is an exchange-traded fund that aims to track the NASDAQ AlphaDEX Small Cap Growth index. This fund utilizes a quantitative selection process to identify stocks within the small-cap growth sector with an objective to outperform the broader market. Launched on April 18, 2011, it is managed by First Trust.

Investment Insights

Before considering an investment in the First Trust Small Cap Growth AlphaDEX Fund, investors should evaluate the broader market context. Analysts have noted that while this fund holds a 'Hold' rating, there are other stocks that may present better investment opportunities. It may be beneficial for investors to explore options for diversifying their portfolio.

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