Short Interest in First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Rises By 129.8%

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 13,664 shares, a growth of 129.8% from the April 15th total of 5,945 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 29,905 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FYT. Sound Income Strategies LLC bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the fourth quarter valued at approximately $44,000. JPMorgan Chase & Co. lifted its stake 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 valued at $52,000 after purchasing an additional 225 shares during the last quarter. Founders Financial Alliance LLC acquired a new stake in First Trust Small Cap Value AlphaDEX Fund during the third quarter valued at approximately $159,000. Level Four Advisory Services LLC acquired a new stake in First Trust Small Cap Value AlphaDEX Fund during the third quarter valued at approximately $201,000. Finally, Corient Private Wealth LLC acquired a new stake in First Trust Small Cap Value AlphaDEX Fund during the fourth quarter valued at approximately $202,000.

First Trust Small Cap Value AlphaDEX Fund Price Performance

Shares of First Trust Small Cap Value AlphaDEX Fund stock traded down $0.93 on Friday, hitting $63.35. The company had a trading volume of 5,090 shares, compared to its average volume of 22,250. The business has a 50-day simple moving average of $63.59 and a 200-day simple moving average of $60.44. The company has a market cap of $174.21 million, a PE ratio of 10.91 and a beta of 1.00. First Trust Small Cap Value AlphaDEX Fund has a 52 week low of $47.42 and a 52 week high of $67.71.

First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.2014 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.81 annualized dividend and a dividend yield of 1.3%.

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.