First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Short Interest Update

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 9,482 shares, a decrease of 17.8% from the January 15th total of 11,539 shares. Based on an average daily volume of 10,081 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 10,081 shares, the days-to-cover ratio is currently 0.9 days.

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

A number of institutional investors have recently added to or reduced their stakes in FYT. Envestnet Asset Management Inc. grew its position in shares of First Trust Small Cap Value AlphaDEX Fund by 2.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 46,090 shares of the company’s stock worth $2,576,000 after buying an additional 1,297 shares during the period. Blueprint Investment Partners LLC boosted its stake in First Trust Small Cap Value AlphaDEX Fund by 44.4% during the third quarter. Blueprint Investment Partners LLC now owns 176,201 shares of the company’s stock worth $9,849,000 after acquiring an additional 54,166 shares in the last quarter. Blueprint Financial Advisors LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund in the third quarter worth about $9,849,000. US Bancorp DE grew its holdings in First Trust Small Cap Value AlphaDEX Fund by 1.6% in the third quarter. US Bancorp DE now owns 30,449 shares of the company’s stock worth $1,705,000 after purchasing an additional 473 shares during the period. Finally, Level Four Advisory Services LLC bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the third quarter valued at approximately $201,000.

First Trust Small Cap Value AlphaDEX Fund Stock Up 1.2%

Shares of FYT traded up $0.75 during trading hours on Wednesday, reaching $64.55. 525 shares of the company traded hands, compared to its average volume of 20,900. First Trust Small Cap Value AlphaDEX Fund has a 12 month low of $42.11 and a 12 month high of $64.47. The company’s fifty day moving average price is $60.01 and its two-hundred day moving average price is $56.94. The company has a market capitalization of $174.27 million, a price-to-earnings ratio of 10.91 and a beta of 1.11.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.3251 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, December 12th. This is a boost from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.21.

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.