A look at the weighted underlying holdings of the First Trust Small Cap Core AlphaDEX Fund (FYX) shows an impressive 14.3% of holdings on a weighted basis have experienced insider buying within the past six months.

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Francesca's Holdings Corp ( FRAN - Get Report), which makes up 0.44% of the First Trust Small Cap Core AlphaDEX Fund (FYX), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $1,887,649 worth of FRAN, making it the #7 largest holding. The table below details the recent insider buying activity observed at FRAN:

FRAN — last trade: $18.21 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
09/14/2015 Martyn R. Redgrave Director 21,000 $11.88 $249,505
09/15/2015 Michael W. Barnes President & CEO 26,000 $11.66 $303,220

And Enova International Inc ( ENVA), the #43 largest holding among components of the First Trust Small Cap Core AlphaDEX Fund (FYX), shows 8 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $1,689,675 worth of ENVA, which represents approximately 0.39% of the ETF's total assets at last check. The recent insider buying activity observed at ENVA is detailed in the table below:

ENVA — last trade: $5.60 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
08/13/2015 Gregg A. Kaplan Director 5,267 $12.16 $64,070
08/12/2015 Ellen Carnahan Director 3,500 $11.53 $40,355
08/07/2015 Sean Rahilly VP - Chief Compliance Officer 5,000 $13.16 $65,800
08/11/2015 David C. Habiger Director 7,940 $12.69 $100,739
08/11/2015 Daniel R. Feehan Director 20,000 $12.61 $252,180
08/10/2015 William M. Goodyear Director 4,000 $13.52 $54,093
11/20/2015 James A. Gray Director 22,000 $7.70 $169,424
12/21/2015 James Cody Salters Vice President, Operations 4,000 $6.18 $24,718