Short Interest in First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Increases By 425.0%

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 6,300 shares, a growth of 425.0% from the October 15th total of 1,200 shares. Based on an average daily volume of 11,600 shares, the short-interest ratio is presently 0.5 days.

First Trust Small Cap Value AlphaDEX Fund Price Performance

First Trust Small Cap Value AlphaDEX Fund stock traded down $0.81 during mid-day trading on Tuesday, reaching $58.82. 9,105 shares of the company were exchanged, compared to its average volume of 15,412. The company has a fifty day simple moving average of $55.06 and a 200-day simple moving average of $54.01. The firm has a market cap of $179.41 million, a PE ratio of 9.68 and a beta of 1.37. First Trust Small Cap Value AlphaDEX Fund has a 12 month low of $45.27 and a 12 month high of $59.92.

First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.2365 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.95 annualized dividend and a dividend yield of 1.61%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FYT. GAMMA Investing LLC bought a new position in First Trust Small Cap Value AlphaDEX Fund in the 2nd quarter valued at approximately $65,000. International Assets Investment Management LLC bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the 2nd quarter valued at $184,000. Northwest Wealth Management LLC acquired a new stake in shares of First Trust Small Cap Value AlphaDEX Fund during the 3rd quarter valued at $207,000. 9258 Wealth Management LLC grew its position in First Trust Small Cap Value AlphaDEX Fund by 9.0% during the 2nd quarter. 9258 Wealth Management LLC now owns 4,104 shares of the company’s stock worth $212,000 after acquiring an additional 340 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in First Trust Small Cap Value AlphaDEX Fund by 2.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 9,368 shares of the company’s stock worth $508,000 after purchasing an additional 211 shares in 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.