Short Interest in First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Rises By 129.8%

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 13,664 shares, an increase of 129.8% from the April 15th total of 5,945 shares. Based on an average daily volume of 29,905 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the shares of the stock are sold short.

First Trust Small Cap Value AlphaDEX Fund Trading Down 1.4%

FYT stock traded down $0.93 on Friday, hitting $63.35. 5,090 shares of the company’s stock traded hands, compared to its average volume of 22,250. First Trust Small Cap Value AlphaDEX Fund has a 1-year low of $47.42 and a 1-year high of $67.71. The stock has a market cap of $174.21 million, a price-to-earnings ratio of 10.91 and a beta of 1.00. The stock has a fifty day moving average of $63.59 and a 200-day moving average of $60.44.

First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.2014 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.81 annualized dividend and a yield of 1.3%.

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC acquired a new stake in First Trust Small Cap Value AlphaDEX Fund during the fourth quarter valued at approximately $44,000. JPMorgan Chase & Co. lifted its position in shares of First Trust Small Cap Value AlphaDEX Fund by 32.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 923 shares of the company’s stock valued at $52,000 after acquiring an additional 225 shares in the last quarter. Founders Financial Alliance LLC purchased a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the 3rd quarter valued at approximately $159,000. Level Four Advisory Services LLC purchased a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the 3rd quarter valued at approximately $201,000. Finally, Corient Private Wealth LLC purchased a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the 4th quarter valued at approximately $202,000.

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.