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

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

First Trust Small Cap Value AlphaDEX Fund Stock Performance

First Trust Small Cap Value AlphaDEX Fund stock traded up $0.46 during midday trading on Wednesday, hitting $70.27. 56,067 shares of the company’s stock were exchanged, compared to its average volume of 18,690. The company has a market cap of $193.25 million, a PE ratio of 10.91 and a beta of 0.98. The firm has a 50-day moving average of $66.61 and a two-hundred day moving average of $63.12. First Trust Small Cap Value AlphaDEX Fund has a 12 month low of $50.15 and a 12 month high of $70.67.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.298 dividend. This represents a $1.19 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, June 25th. This is a boost from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.20.

Hedge Funds Weigh In On First Trust Small Cap Value AlphaDEX Fund

Institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund during the fourth quarter worth $44,000. JPMorgan Chase & Co. increased its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 32.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 923 shares of the company’s stock valued at $52,000 after acquiring an additional 225 shares during the period. Western Wealth Management LLC bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the 1st quarter worth $60,000. Level Four Advisory Services LLC bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the 3rd quarter worth $201,000. Finally, Corient Private Wealth LLC bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the 4th quarter worth $202,000.

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.