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

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 5,224 shares, a decrease of 83.9% from the November 30th total of 32,367 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,022 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 10,022 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

First Trust Small Cap Value AlphaDEX Fund Price Performance

NASDAQ FYT traded down $0.03 on Friday, hitting $57.47. The company had a trading volume of 1,959 shares, compared to its average volume of 11,173. The company has a market capitalization of $140.80 million, a PE ratio of 10.91 and a beta of 1.11. The company’s fifty day moving average price is $55.94 and its 200-day moving average price is $54.50. First Trust Small Cap Value AlphaDEX Fund has a 12-month low of $42.11 and a 12-month high of $59.26.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a dividend of $0.3251 per share. This is a boost from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, December 12th. This represents a $1.30 annualized dividend and a dividend yield of 2.3%.

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

Institutional investors have recently bought and sold shares of the company. Blueprint Financial Advisors LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund in the 3rd quarter valued at $9,849,000. Blueprint Investment Partners LLC grew its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 44.4% in the third quarter. Blueprint Investment Partners LLC now owns 176,201 shares of the company’s stock valued at $9,849,000 after purchasing an additional 54,166 shares during the period. Raymond James Financial Inc. grew its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 76.1% in the first quarter. Raymond James Financial Inc. now owns 97,797 shares of the company’s stock valued at $4,863,000 after purchasing an additional 42,276 shares during the period. Jones Financial Companies Lllp increased its position in First Trust Small Cap Value AlphaDEX Fund by 442.5% during the first quarter. Jones Financial Companies Lllp now owns 14,724 shares of the company’s stock worth $673,000 after purchasing an additional 12,010 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in First Trust Small Cap Value AlphaDEX Fund by 41.8% during the second quarter. Cetera Investment Advisers now owns 33,661 shares of the company’s stock worth $1,698,000 after purchasing an additional 9,923 shares during the period.

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.