First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Sees Large Decrease in Short Interest

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 1,498 shares, a decline of 13.7% from the February 26th total of 1,736 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,844 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Jones Financial Companies Lllp grew its position in shares of First Trust Small Cap Value AlphaDEX Fund by 442.5% during the 1st quarter. Jones Financial Companies Lllp now owns 14,724 shares of the company’s stock valued at $673,000 after purchasing an additional 12,010 shares in the last quarter. Cetera Investment Advisers raised its position in shares of First Trust Small Cap Value AlphaDEX Fund by 41.8% in the second quarter. Cetera Investment Advisers now owns 33,661 shares of the company’s stock worth $1,698,000 after buying an additional 9,923 shares in the last quarter. Jane Street Group LLC bought a new stake in First Trust Small Cap Value AlphaDEX Fund during the second quarter valued at $261,000. Northwest Wealth Management LLC purchased a new position in First Trust Small Cap Value AlphaDEX Fund during the third quarter worth about $204,000. Finally, Belpointe Asset Management LLC grew its position in First Trust Small Cap Value AlphaDEX Fund by 7.8% during the third quarter. Belpointe Asset Management LLC now owns 14,446 shares of the company’s stock worth $807,000 after buying an additional 1,050 shares in the last quarter.

First Trust Small Cap Value AlphaDEX Fund Price Performance

Shares of FYT traded up $0.58 during midday trading on Tuesday, hitting $61.51. 3,339 shares of the company traded hands, compared to its average volume of 18,246. First Trust Small Cap Value AlphaDEX Fund has a one year low of $42.11 and a one year high of $64.60. The firm has a market cap of $166.08 million, a P/E ratio of 10.91 and a beta of 1.11. The stock has a 50-day moving average of $62.12 and a 200-day moving average of $58.40.

First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be issued a dividend of $0.2014 per share. This represents a $0.81 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, March 26th.

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.