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

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 3,200 shares, a decrease of 20.0% from the January 31st total of 4,000 shares. Based on an average daily volume of 10,400 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Small Cap Value AlphaDEX Fund Trading Down 1.3 %

NASDAQ FYT traded down $0.68 during trading hours on Tuesday, hitting $50.33. The company’s stock had a trading volume of 16,005 shares, compared to its average volume of 13,700. First Trust Small Cap Value AlphaDEX Fund has a 52 week low of $49.91 and a 52 week high of $61.44. The company has a market capitalization of $153.51 million, a PE ratio of 11.17 and a beta of 1.34. The company’s 50-day simple moving average is $54.74 and its two-hundred day simple moving average is $55.64.

First Trust Small Cap Value AlphaDEX Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.5443 dividend. The ex-dividend date was Friday, December 13th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in FYT. GAMMA Investing LLC increased its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 16.2% during the 4th quarter. GAMMA Investing LLC now owns 1,463 shares of the company’s stock worth $80,000 after purchasing an additional 204 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 458.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,688 shares of the company’s stock worth $93,000 after purchasing an additional 1,386 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 69.8% during the 4th quarter. Jones Financial Companies Lllp now owns 2,714 shares of the company’s stock worth $149,000 after purchasing an additional 1,116 shares during the last quarter. Level Four Advisory Services LLC purchased a new stake in shares of First Trust Small Cap Value AlphaDEX Fund during the 4th quarter worth approximately $203,000. Finally, Northwest Wealth Management LLC purchased a new stake in shares of First Trust Small Cap Value AlphaDEX Fund during the 3rd quarter worth approximately $207,000.

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.