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

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 6,300 shares, an increase of 425.0% from the October 15th total of 1,200 shares. Based on an average trading volume of 11,600 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Small Cap Value AlphaDEX Fund Price Performance

NASDAQ:FYT traded down $0.38 during mid-day trading on Wednesday, reaching $58.44. The stock had a trading volume of 5,427 shares, compared to its average volume of 15,366. The business’s 50 day moving average is $55.06 and its 200 day moving average is $54.01. First Trust Small Cap Value AlphaDEX Fund has a fifty-two week low of $46.81 and a fifty-two week high of $59.92. The stock has a market cap of $178.24 million, a P/E ratio of 9.68 and a beta of 1.37.

First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.2365 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 1.62%.

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FYT. Simplicity Wealth LLC boosted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 1.6% in the third quarter. Simplicity Wealth LLC now owns 289,519 shares of the company’s stock valued at $16,083,000 after buying an additional 4,541 shares during the period. Regal Investment Advisors LLC grew its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 4.5% in the second quarter. Regal Investment Advisors LLC now owns 133,414 shares of the company’s stock valued at $6,904,000 after buying an additional 5,791 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 55.6% in the third quarter. Kingsview Wealth Management LLC now owns 117,206 shares of the company’s stock valued at $6,511,000 after buying an additional 41,881 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in First Trust Small Cap Value AlphaDEX Fund by 4.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 87,030 shares of the company’s stock worth $4,504,000 after purchasing an additional 3,897 shares during the period. Finally, Proactive Wealth Strategies LLC bought a new position in First Trust Small Cap Value AlphaDEX Fund during the third quarter worth $4,340,000.

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.