First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Short Interest Down 83.9% in December

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 5,224 shares, a decline of 83.9% from the November 30th total of 32,367 shares. Based on an average trading volume of 10,022 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 10,022 shares, the short-interest ratio is presently 0.5 days.

First Trust Small Cap Value AlphaDEX Fund Stock Up 0.3%

NASDAQ FYT traded up $0.20 on Thursday, reaching $57.49. The company had a trading volume of 2,427 shares, compared to its average volume of 11,210. The stock has a market cap of $140.85 million, a price-to-earnings ratio of 10.91 and a beta of 1.11. The stock’s 50 day moving average is $55.81 and its 200-day moving average is $54.43. First Trust Small Cap Value AlphaDEX Fund has a 52 week low of $42.11 and a 52 week high of $59.26.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a $0.3251 dividend. This represents a $1.30 annualized dividend and a yield of 2.3%. This is a boost from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, December 12th.

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

A number of large investors have recently made changes to their positions in the company. Raymond James Financial Inc. raised its stake in First Trust Small Cap Value AlphaDEX Fund by 76.1% during the 1st quarter. Raymond James Financial Inc. now owns 97,797 shares of the company’s stock worth $4,863,000 after buying an additional 42,276 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 442.5% in the first quarter. Jones Financial Companies Lllp now owns 14,724 shares of the company’s stock worth $673,000 after acquiring an additional 12,010 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the first quarter worth about $264,000. Wealth Enhancement Advisory Services LLC raised its position in shares of First Trust Small Cap Value AlphaDEX Fund by 3.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,880 shares of the company’s stock worth $419,000 after purchasing an additional 240 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of First Trust Small Cap Value AlphaDEX Fund during the second quarter worth about $54,000.

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.