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

The First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) observed a notable increase in short interest during March. As reported on March 15th, the short interest rose to 21,900 shares, marking a significant increase of 62.2% from the previous total of 13,500 shares recorded on February 28th. This indicates that approximately 0.4% of the fund's shares are currently short sold. With an average trading volume of 56,900 shares, the current short-interest ratio stands at 0.4 days.

Institutional Investors' Activities in FYC

Recently, several hedge funds and institutional investors have adjusted their holdings in the First Trust Small Cap Growth AlphaDEX Fund. For instance, Willner & Heller LLC increased its stake in FYC by 1.8% during the last quarter of 2022. They now own 7,497 shares valued at $580,000 after purchasing an additional 133 shares. Similarly, Harbour Investments Inc. raised its investment by 9.4% and now holds 3,917 shares worth $303,000, thanks to an addition of 335 shares in the last quarter. Jones Financial Companies Lllp increased their stake by 12.4%, owning 3,453 shares valued at $267,000 after acquiring 381 more shares. Additionally, JPMorgan Chase & Co. entered the FYC market with a new investment worth about $31,000, while Concourse Financial Group Securities Inc. also acquired a new position valued at approximately $32,000.

Market Performance of FYC

As of Friday, the First Trust Small Cap Growth AlphaDEX Fund traded down by 1.8%, reaching a price of $69.46. The trading volume was reported at 40,547 shares, exceeding the average volume of 31,498 shares. The fund maintains a 50-day simple moving average of $75.35 and a two-hundred-day moving average of $76.91. Over the past year, shares of FYC have hit a low of $60.52 and a high of $85.01. Currently, the market capitalization is approximately $416.76 million with a price-to-earnings ratio of 17.59 and a beta of 1.19.

About 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 is designed to select stocks from a small-cap growth universe based on a quantitative methodology in an effort to outperform the broader market. Launched on April 18, 2011, the fund is managed by First Trust.

Investment Considerations

Before considering an investment in the First Trust Small Cap Growth AlphaDEX Fund, it is essential to evaluate other options available in the market. Even though FYC currently holds a "Hold" rating among analysts, there may be better investment opportunities. Top financial analysts have identified specific stocks that are considered more favorable right now compared to FYC.

In conclusion, as market dynamics shift, potential investors should stay informed about significant changes in short interest and the trading patterns of the First Trust Small Cap Growth AlphaDEX Fund.

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