Short Interest in First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Declines By 17.8%

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

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

Several institutional investors have recently bought and sold shares of FYT. MML Investors Services LLC raised its position in First Trust Small Cap Value AlphaDEX Fund by 26.1% during the fourth quarter. MML Investors Services LLC now owns 5,716 shares of the company’s stock valued at $324,000 after purchasing an additional 1,182 shares during the period. Wells Fargo & Company MN grew its holdings in First Trust Small Cap Value AlphaDEX Fund by 1.5% during the 4th quarter. Wells Fargo & Company MN now owns 183,000 shares of the company’s stock valued at $10,373,000 after purchasing an additional 2,635 shares during the last quarter. Commonwealth Equity Services LLC raised its position in First Trust Small Cap Value AlphaDEX Fund by 3.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 31,271 shares of the company’s stock worth $1,773,000 after purchasing an additional 1,162 shares during the period. Focus Partners Advisor Solutions LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund in the 4th quarter worth about $207,000. Finally, LPL Financial LLC lifted its stake in First Trust Small Cap Value AlphaDEX Fund by 3.3% in the fourth quarter. LPL Financial LLC now owns 218,137 shares of the company’s stock worth $12,365,000 after purchasing an additional 6,976 shares during the last quarter.

First Trust Small Cap Value AlphaDEX Fund Price Performance

Shares of First Trust Small Cap Value AlphaDEX Fund stock traded up $1.10 during trading on Monday, reaching $64.08. 6,510 shares of the stock traded hands, compared to its average volume of 22,100. First Trust Small Cap Value AlphaDEX Fund has a 52-week low of $42.11 and a 52-week high of $64.47. The business has a fifty day simple moving average of $59.73 and a two-hundred day simple moving average of $56.76. The company has a market capitalization of $173.02 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.3251 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, December 12th.

First Trust Small Cap Value AlphaDEX Fund Company Profile

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.