First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Stock Short Interest Declines 37.3%

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 10,878 shares, a decline of 37.3% from the September 15th total of 17,360 shares. Based on an average trading volume of 9,340 shares, the short-interest ratio is presently 1.2 days. Approximately 0.4% of the company’s shares are short sold.

First Trust Small Cap Value AlphaDEX Fund Trading Down 0.3%

NASDAQ:FYT traded down $0.19 on Friday, hitting $68.42. 23,169 shares of the stock were exchanged, compared to its average volume of 17,936. The stock has a market cap of $171.05 million, a PE ratio of 10.91 and a beta of 0.99. The stock has a fifty day moving average of $70.19 and a 200-day moving average of $68.45. First Trust Small Cap Value AlphaDEX Fund has a fifty-two week low of $52.47 and a fifty-two week high of $73.77.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.4655 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, September 24th. This is an increase from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.2980.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers grew its position in First Trust Small Cap Value AlphaDEX Fund by 7.6% in the first quarter. Cetera Investment Advisers now owns 60,279 shares of the company’s stock valued at $3,725,000 after acquiring an additional 4,268 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 3.8% in the 1st quarter. Kestra Advisory Services LLC now owns 33,520 shares of the company’s stock valued at $2,071,000 after acquiring an additional 1,240 shares during the last quarter. Gateway Wealth Partners LLC grew its position in shares of First Trust Small Cap Value AlphaDEX Fund by 102.8% during the 1st quarter. Gateway Wealth Partners LLC now owns 24,628 shares of the company’s stock valued at $1,522,000 after buying an additional 12,487 shares during the last quarter. Nwam LLC acquired a new stake in First Trust Small Cap Value AlphaDEX Fund in the first quarter worth $1,241,000. Finally, Baird Financial Group Inc. increased its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 7.5% in the second quarter. Baird Financial Group Inc. now owns 7,164 shares of the company’s stock valued at $500,000 after purchasing an additional 500 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.