First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Short Interest Down 56.7% in June

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,481 shares, a drop of 56.7% from the May 31st total of 3,424 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 9,516 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Small Cap Value AlphaDEX Fund Stock Performance

Shares of FYT stock opened at $69.51 on Monday. First Trust Small Cap Value AlphaDEX Fund has a 52 week low of $50.14 and a 52 week high of $70.06. The company has a market capitalization of $191.15 million, a price-to-earnings ratio of 10.91 and a beta of 0.98. The company has a 50-day simple moving average of $66.46 and a 200 day simple moving average of $62.95.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.298 per share. This represents a $1.19 annualized dividend and a yield of 1.7%. This is a boost from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, June 25th.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Blueprint Financial Advisors LLC bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the third quarter worth approximately $9,849,000. Blueprint Investment Partners LLC boosted its stake in First Trust Small Cap Value AlphaDEX Fund by 44.4% in the 3rd quarter. Blueprint Investment Partners LLC now owns 176,201 shares of the company’s stock valued at $9,849,000 after purchasing an additional 54,166 shares during the period. Kingsview Wealth Management LLC boosted its stake in First Trust Small Cap Value AlphaDEX Fund by 38.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 129,940 shares of the company’s stock valued at $7,366,000 after purchasing an additional 36,329 shares during the period. Tower Research Capital LLC TRC boosted its stake in First Trust Small Cap Value AlphaDEX Fund by 2,433.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 33,623 shares of the company’s stock valued at $1,906,000 after purchasing an additional 32,296 shares during the period. Finally, Nwam LLC acquired a new position in First Trust Small Cap Value AlphaDEX Fund in the 1st quarter valued at $1,241,000.

First Trust Small Cap Value AlphaDEX Fund Company Profile

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.