First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Stock Short Interest Report for September

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

First Trust Small Cap Value AlphaDEX Fund Trading Up 2.0%

Shares of FYT opened at $68.61 on Friday. The company has a market cap of $171.53 million, a price-to-earnings ratio of 10.91 and a beta of 0.99. First Trust Small Cap Value AlphaDEX Fund has a 1-year low of $52.47 and a 1-year high of $73.77. The company’s fifty day simple moving average is $70.28 and its 200 day simple moving average is $68.45.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Baird Financial Group Inc. lifted its stake in First Trust Small Cap Value AlphaDEX Fund by 7.5% in the 2nd 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 last quarter. Western Wealth Management LLC acquired a new position in First Trust Small Cap Value AlphaDEX Fund during the first quarter worth approximately $60,000. Gateway Wealth Partners LLC increased its position in First Trust Small Cap Value AlphaDEX Fund by 102.8% during the first quarter. Gateway Wealth Partners LLC now owns 24,628 shares of the company’s stock worth $1,522,000 after buying an additional 12,487 shares during the last quarter. Cetera Investment Advisers increased its position in First Trust Small Cap Value AlphaDEX Fund by 7.6% during the first quarter. Cetera Investment Advisers now owns 60,279 shares of the company’s stock worth $3,725,000 after buying an additional 4,268 shares during the last quarter. Finally, Nwam LLC bought a new stake in First Trust Small Cap Value AlphaDEX Fund in the first quarter valued at approximately $1,241,000.

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.