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

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 29,031 shares, a growth of 1,906.3% from the June 30th total of 1,447 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average trading volume of 12,588 shares, the short-interest ratio is currently 2.3 days.

First Trust Small Cap Value AlphaDEX Fund Stock Up 1.5%

NASDAQ FYT opened at $71.64 on Friday. First Trust Small Cap Value AlphaDEX Fund has a fifty-two week low of $50.15 and a fifty-two week high of $72.46. The business has a 50 day moving average price of $68.22 and a two-hundred day moving average price of $64.70. The stock has a market cap of $189.85 million, a PE ratio of 10.91 and a beta of 0.97.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.298 dividend. This represents a $1.19 annualized dividend and a dividend yield of 1.7%. This is a boost from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, June 25th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FYT. LPL Financial LLC grew its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 3.3% during the fourth quarter. LPL Financial LLC now owns 218,137 shares of the company’s stock valued at $12,365,000 after acquiring an additional 6,976 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in First Trust Small Cap Value AlphaDEX Fund by 1.5% in the fourth 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. Kingsview Wealth Management LLC grew its stake in First Trust Small Cap Value AlphaDEX Fund by 38.8% during the 4th quarter. Kingsview Wealth Management LLC now owns 129,940 shares of the company’s stock valued at $7,366,000 after purchasing an additional 36,329 shares in the last quarter. Royal Bank of Canada grew its stake in First Trust Small Cap Value AlphaDEX Fund by 16.3% during the 4th quarter. Royal Bank of Canada now owns 106,559 shares of the company’s stock valued at $6,040,000 after purchasing an additional 14,973 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in First Trust Small Cap Value AlphaDEX Fund by 7.6% during the 1st quarter. Cetera Investment Advisers now owns 60,279 shares of the company’s stock worth $3,725,000 after purchasing an additional 4,268 shares during 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.