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

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 5,200 shares, a growth of 62.5% from the February 13th total of 3,200 shares. Based on an average daily volume of 14,600 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On First Trust Small Cap Value AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Centaurus Financial Inc. bought a new stake in First Trust Small Cap Value AlphaDEX Fund in the fourth quarter valued at $552,000. Waverly Advisors LLC bought a new stake in First Trust Small Cap Value AlphaDEX Fund in the fourth quarter valued at $248,000. Cetera Investment Advisers lifted its stake in First Trust Small Cap Value AlphaDEX Fund by 40.7% in the fourth quarter. Cetera Investment Advisers now owns 17,062 shares of the company’s stock valued at $939,000 after buying an additional 4,936 shares during the last quarter. Jane Street Group LLC bought a new stake in First Trust Small Cap Value AlphaDEX Fund in the fourth quarter valued at $274,000. Finally, Tower Research Capital LLC TRC lifted its stake in First Trust Small Cap Value AlphaDEX Fund by 152.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 42,152 shares of the company’s stock valued at $2,319,000 after buying an additional 25,430 shares during the last quarter.

First Trust Small Cap Value AlphaDEX Fund Price Performance

FYT traded up $1.13 during trading hours on Friday, hitting $49.87. 9,623 shares of the stock were exchanged, compared to its average volume of 14,629. The stock has a market cap of $154.60 million, a price-to-earnings ratio of 11.17 and a beta of 1.37. First Trust Small Cap Value AlphaDEX Fund has a 12 month low of $48.61 and a 12 month high of $61.45. The stock has a 50-day simple moving average of $53.86 and a 200-day simple moving average of $55.34.

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.