First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Sees Significant Decline in Short Interest

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 17,360 shares, a decrease of 37.3% from the August 31st total of 27,691 shares. Based on an average daily trading volume, of 17,939 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.6% of the company’s stock are sold short.

First Trust Small Cap Value AlphaDEX Fund Stock Down 0.1%

NASDAQ:FYT traded down $0.07 during trading hours on Thursday, reaching $66.78. 8,426 shares of the stock were exchanged, compared to its average volume of 17,153. The stock has a market capitalization of $180.30 million, a P/E ratio of 10.91 and a beta of 0.97. The firm has a 50 day simple moving average of $71.31 and a 200-day simple moving average of $67.92. First Trust Small Cap Value AlphaDEX Fund has a 52 week low of $52.47 and a 52 week high of $73.77.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.4655 per share. This represents a $1.86 annualized dividend and a yield of 2.8%. This is a boost from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.2980. The ex-dividend date was Thursday, September 24th.

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in FYT. Nwam LLC bought a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the 1st quarter worth $1,241,000. Gateway Wealth Partners LLC boosted its stake in First Trust Small Cap Value AlphaDEX Fund by 102.8% during the first quarter. Gateway Wealth Partners LLC now owns 24,628 shares of the company’s stock valued at $1,522,000 after buying an additional 12,487 shares in the last quarter. Cetera Investment Advisers grew its holdings in First Trust Small Cap Value AlphaDEX Fund by 7.6% during the first quarter. Cetera Investment Advisers now owns 60,279 shares of the company’s stock worth $3,725,000 after acquiring an additional 4,268 shares during the period. Kestra Advisory Services LLC grew its holdings in First Trust Small Cap Value AlphaDEX Fund by 3.8% during the first quarter. Kestra Advisory Services LLC now owns 33,520 shares of the company’s stock worth $2,071,000 after acquiring an additional 1,240 shares during the period. Finally, Western Wealth Management LLC bought a new stake in First Trust Small Cap Value AlphaDEX Fund in the first quarter worth about $60,000.

First Trust Small Cap Value AlphaDEX Fund Company Profile

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.