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 May. As of May 15th, there was short interest totaling 4,571 shares, a decrease of 66.5% from the April 30th total of 13,664 shares. Based on an average daily trading volume, of 23,627 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

First Trust Small Cap Value AlphaDEX Fund Trading Down 0.3%

Shares of FYT traded down $0.19 during midday trading on Friday, reaching $66.08. 4,404 shares of the stock were exchanged, compared to its average volume of 20,653. The company has a market capitalization of $181.72 million, a P/E ratio of 10.91 and a beta of 1.00. The company’s 50 day moving average is $64.44 and its two-hundred day moving average is $61.20. First Trust Small Cap Value AlphaDEX Fund has a 52 week low of $47.91 and a 52 week high of $67.71.

First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.2014 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.81 dividend on an annualized basis and a yield of 1.2%.

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

A number of institutional investors have recently added to or reduced their stakes in FYT. Jones Financial Companies Lllp lifted 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 buying an additional 12,010 shares in the last quarter. Jane Street Group LLC purchased a new position in First Trust Small Cap Value AlphaDEX Fund during the second quarter worth approximately $261,000. Belpointe Asset Management LLC raised its position in First Trust Small Cap Value AlphaDEX Fund by 7.8% in the third quarter. Belpointe Asset Management LLC now owns 14,446 shares of the company’s stock valued at $807,000 after purchasing an additional 1,050 shares during the period. Truist Financial Corp raised its position in First Trust Small Cap Value AlphaDEX Fund by 4.8% in the third quarter. Truist Financial Corp now owns 45,064 shares of the company’s stock valued at $2,519,000 after purchasing an additional 2,047 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in First Trust Small Cap Value AlphaDEX Fund by 2.9% in the third quarter. Envestnet Asset Management Inc. now owns 46,090 shares of the company’s stock valued at $2,576,000 after purchasing an additional 1,297 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.