First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Sees Significant Decrease in Short Interest

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 15th, there was short interest totaling 17,360 shares, a decline of 37.3% from the August 31st total of 27,691 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 17,939 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Baird Financial Group Inc. grew its position in 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 worth $500,000 after buying an additional 500 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the first quarter valued at $60,000. Gateway Wealth Partners LLC lifted 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 acquiring an additional 12,487 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of First Trust Small Cap Value AlphaDEX Fund by 7.6% during the 1st 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 during the last quarter. Finally, Nwam LLC bought a new stake in shares of First Trust Small Cap Value AlphaDEX Fund during the 1st quarter worth $1,241,000.

First Trust Small Cap Value AlphaDEX Fund Trading Up 0.3%

Shares of First Trust Small Cap Value AlphaDEX Fund stock opened at $67.62 on Friday. The company’s 50-day moving average price is $71.17 and its two-hundred day moving average price is $67.97. First Trust Small Cap Value AlphaDEX Fund has a 52 week low of $52.47 and a 52 week high of $73.77. The stock has a market cap of $179.19 million, a PE ratio of 10.91 and a beta of 0.99.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.4655 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $1.86 annualized dividend and a dividend yield of 2.8%. This is an increase from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.2980.

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.