Short Interest in First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Increases By 68.8%

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 8,100 shares, an increase of 68.8% from the December 15th total of 4,800 shares. Based on an average daily trading volume, of 12,900 shares, the days-to-cover ratio is presently 0.6 days.

First Trust Small Cap Value AlphaDEX Fund Stock Up 0.2 %

Shares of FYT traded up $0.11 on Friday, hitting $55.92. 3,136 shares of the stock traded hands, compared to its average volume of 20,906. The stock’s 50 day moving average is $57.16 and its two-hundred day moving average is $55.54. The firm has a market capitalization of $173.35 million, a P/E ratio of 9.68 and a beta of 1.37. First Trust Small Cap Value AlphaDEX Fund has a 1 year low of $50.09 and a 1 year high of $61.44.

First Trust Small Cap Value AlphaDEX Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.5443 dividend. The ex-dividend date was Friday, December 13th.

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

A number of institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 16.2% during the 4th quarter. GAMMA Investing LLC now owns 1,463 shares of the company’s stock valued at $80,000 after buying an additional 204 shares during the period. Northwest Wealth Management LLC acquired a new stake in First Trust Small Cap Value AlphaDEX Fund during the third quarter worth about $207,000. Chicago Partners Investment Group LLC raised its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 2.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 9,368 shares of the company’s stock worth $508,000 after purchasing an additional 211 shares during the period. Gateway Wealth Partners LLC acquired a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the 2nd quarter valued at about $614,000. Finally, Pinnacle Bancorp Inc. grew its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 17.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 13,413 shares of the company’s stock worth $738,000 after purchasing an additional 2,000 shares during the period.

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.