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

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 1,736 shares, a decrease of 66.5% from the February 12th total of 5,183 shares. Based on an average daily volume of 6,374 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 6,374 shares, the short-interest ratio is currently 0.3 days.

First Trust Small Cap Value AlphaDEX Fund Trading Down 0.6%

First Trust Small Cap Value AlphaDEX Fund stock opened at $61.22 on Wednesday. First Trust Small Cap Value AlphaDEX Fund has a 52 week low of $42.11 and a 52 week high of $64.60. The stock has a market cap of $165.29 million, a P/E ratio of 10.91 and a beta of 1.11. The stock has a 50 day moving average of $61.60 and a 200-day moving average of $57.96.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.3251 per share. This is a positive change from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, December 12th. This represents a $1.30 dividend on an annualized basis and a yield of 2.1%.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC acquired a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the 4th quarter valued at about $44,000. Winnow Wealth LLC acquired a new position in First Trust Small Cap Value AlphaDEX Fund in the second quarter worth about $50,000. JPMorgan Chase & Co. increased its holdings in First Trust Small Cap Value AlphaDEX Fund by 32.2% in the third quarter. JPMorgan Chase & Co. now owns 923 shares of the company’s stock valued at $52,000 after buying an additional 225 shares during the last quarter. Founders Financial Alliance LLC bought a new stake in First Trust Small Cap Value AlphaDEX Fund in the third quarter valued at about $159,000. Finally, 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.

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.