First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Short Interest Update

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 7,500 shares, an increase of 19.0% from the October 31st total of 6,300 shares. Based on an average trading volume of 10,200 shares, the days-to-cover ratio is currently 0.7 days.

First Trust Small Cap Value AlphaDEX Fund Price Performance

Shares of FYT opened at $60.41 on Tuesday. The business’s 50-day moving average is $56.31 and its 200-day moving average is $54.60. The company has a market capitalization of $184.25 million, a price-to-earnings ratio of 9.68 and a beta of 1.37. First Trust Small Cap Value AlphaDEX Fund has a fifty-two week low of $49.80 and a fifty-two week high of $61.44.

First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.2365 per share. This represents a $0.95 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of FYT. GAMMA Investing LLC bought a new position in First Trust Small Cap Value AlphaDEX Fund during the second quarter valued at approximately $65,000. International Assets Investment Management LLC acquired a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the 2nd quarter worth $184,000. Northwest Wealth Management LLC bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the 3rd quarter valued at $207,000. 9258 Wealth Management LLC lifted its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 9.0% in the 2nd quarter. 9258 Wealth Management LLC now owns 4,104 shares of the company’s stock valued at $212,000 after purchasing an additional 340 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in First Trust Small Cap Value AlphaDEX Fund by 2.3% in the third quarter. Chicago Partners Investment Group LLC now owns 9,368 shares of the company’s stock worth $508,000 after purchasing an additional 211 shares in the last quarter.

About First Trust Small Cap Value AlphaDEX Fund

The First Trust Small Cap Value AlphaDEX Fund (FYT) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Small Cap Value index. The fund tracks an index of securities pulled from the NASDAQ US 700 Small Cap Index that are rescreened and weighted based on a tiered process. FYT was launched on Apr 18, 2011 and is managed by First Trust.