Short Interest in First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Decreases By 69.9%

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 1,571 shares, a drop of 69.9% from the December 15th total of 5,224 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 7,282 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 7,282 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

First Trust Small Cap Value AlphaDEX Fund Stock Performance

Shares of NASDAQ FYT traded up $0.79 during trading on Thursday, hitting $60.91. 11,753 shares of the company traded hands, compared to its average volume of 22,992. The firm has a market capitalization of $167.50 million, a price-to-earnings ratio of 10.91 and a beta of 1.11. The business’s fifty day moving average is $56.80 and its 200 day moving average is $55.31. First Trust Small Cap Value AlphaDEX Fund has a fifty-two week low of $42.11 and a fifty-two week high of $60.98.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.3251 per share. This is an increase from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend 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

A number of hedge funds have recently added to or reduced their stakes in FYT. Trust Co. of Toledo NA OH bought a new stake in shares of First Trust Small Cap Value AlphaDEX Fund during the 2nd quarter worth $25,000. JPMorgan Chase & Co. increased its holdings 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 worth $52,000 after buying an additional 225 shares during the last quarter. Winnow Wealth LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund during the second quarter worth about $50,000. Ameritas Advisory Services LLC bought a new stake in First Trust Small Cap Value AlphaDEX Fund in the second quarter worth about $54,000. Finally, Creative Financial Designs Inc. ADV raised its position in First Trust Small Cap Value AlphaDEX Fund by 16.2% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,482 shares of the company’s stock worth $75,000 after acquiring an additional 207 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.