Short Interest in First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Declines By 56.7%

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 1,481 shares, a drop of 56.7% from the May 31st total of 3,424 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 9,516 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On First Trust Small Cap Value AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC acquired a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the 4th quarter worth approximately $44,000. JPMorgan Chase & Co. boosted its position in First Trust Small Cap Value AlphaDEX Fund by 32.2% during the third quarter. JPMorgan Chase & Co. now owns 923 shares of the company’s stock worth $52,000 after purchasing an additional 225 shares during the period. Western Wealth Management LLC bought a new position in First Trust Small Cap Value AlphaDEX Fund during the first quarter worth $60,000. Level Four Advisory Services LLC acquired a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the third quarter valued at $201,000. Finally, Corient Private Wealth LLC acquired a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the fourth quarter valued at $202,000.

First Trust Small Cap Value AlphaDEX Fund Stock Performance

NASDAQ:FYT opened at $69.51 on Monday. The stock’s 50-day simple moving average is $66.46 and its 200 day simple moving average is $62.95. The company has a market cap of $191.15 million, a P/E ratio of 10.91 and a beta of 0.98. First Trust Small Cap Value AlphaDEX Fund has a 52-week low of $50.14 and a 52-week high of $70.06.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.298 per share. This is a positive change from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.19 annualized dividend and a dividend yield of 1.7%.

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.