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 decline in short interest in the month of August. As of August 31st, there was short interest totaling 27,691 shares, a decline of 32.2% from the August 15th total of 40,848 shares. Based on an average daily volume of 12,195 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.0% of the shares of the company are short sold.

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

Several institutional investors have recently modified their holdings of FYT. Kingsview Wealth Management LLC lifted its position 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 last quarter. Cetera Investment Advisers boosted its stake in First Trust Small Cap Value AlphaDEX Fund by 7.6% during the 1st quarter. Cetera Investment Advisers now owns 60,279 shares of the company’s stock valued at $3,725,000 after purchasing an additional 4,268 shares during the period. Kestra Advisory Services LLC grew its position in First Trust Small Cap Value AlphaDEX Fund by 3.8% in the 1st quarter. Kestra Advisory Services LLC now owns 33,520 shares of the company’s stock worth $2,071,000 after purchasing an additional 1,240 shares during the last quarter. Gateway Wealth Partners LLC grew its position in First Trust Small Cap Value AlphaDEX Fund by 102.8% in the 1st quarter. Gateway Wealth Partners LLC now owns 24,628 shares of the company’s stock worth $1,522,000 after purchasing an additional 12,487 shares during the last quarter. Finally, Nwam LLC bought a new position in First Trust Small Cap Value AlphaDEX Fund in the 1st quarter worth about $1,241,000.

First Trust Small Cap Value AlphaDEX Fund Price Performance

Shares of FYT opened at $69.06 on Friday. The company has a market cap of $183.01 million, a P/E ratio of 10.91 and a beta of 0.97. The stock has a fifty day moving average price of $71.79 and a 200 day moving average price of $67.55. First Trust Small Cap Value AlphaDEX Fund has a 12 month low of $52.47 and a 12 month high of $73.77.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.298 per share. This represents a $1.19 annualized dividend and a dividend yield of 1.7%. This is a positive change from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, June 25th.

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.