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

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 7,500 shares, an increase of 19.0% from the October 31st total of 6,300 shares. Based on an average daily volume of 10,200 shares, the days-to-cover ratio is presently 0.7 days.

First Trust Small Cap Value AlphaDEX Fund Stock Up 0.6 %

Shares of FYT opened at $60.41 on Tuesday. First Trust Small Cap Value AlphaDEX Fund has a 52-week low of $49.80 and a 52-week high of $61.44. The stock has a market cap of $184.25 million, a PE ratio of 9.68 and a beta of 1.37. The firm’s fifty day moving average is $56.31 and its two-hundred day moving average is $54.60.

First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.2365 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.95 annualized dividend and a yield of 1.57%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Stifel Financial Corp grew its position in shares of First Trust Small Cap Value AlphaDEX Fund by 32.0% in the third quarter. Stifel Financial Corp now owns 70,496 shares of the company’s stock valued at $3,916,000 after purchasing an additional 17,091 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in First Trust Small Cap Value AlphaDEX Fund by 55.6% in the 3rd quarter. Kingsview Wealth Management LLC now owns 117,206 shares of the company’s stock valued at $6,511,000 after buying an additional 41,881 shares in the last quarter. Proactive Wealth Strategies LLC acquired a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the 3rd quarter worth $4,340,000. Northwest Wealth Management LLC purchased a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the 3rd quarter worth $207,000. Finally, Chicago Partners Investment Group LLC boosted its position in shares of First Trust Small Cap Value AlphaDEX Fund by 2.3% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 9,368 shares of the company’s stock valued at $508,000 after acquiring an additional 211 shares during the last quarter.

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.