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 October. As of October 31st, there was short interest totalling 6,300 shares, a growth of 425.0% from the October 15th total of 1,200 shares. Based on an average daily volume of 11,600 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Chicago Partners Investment Group LLC boosted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 2.3% during the third quarter. Chicago Partners Investment Group LLC now owns 9,368 shares of the company’s stock valued at $508,000 after acquiring an additional 211 shares during the period. 9258 Wealth Management LLC grew its position in First Trust Small Cap Value AlphaDEX Fund by 9.0% in the 2nd quarter. 9258 Wealth Management LLC now owns 4,104 shares of the company’s stock worth $212,000 after purchasing an additional 340 shares during the last quarter. US Bancorp DE increased its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 2.7% in the first quarter. US Bancorp DE now owns 25,157 shares of the company’s stock valued at $1,369,000 after purchasing an additional 654 shares during the period. GAMMA Investing LLC bought a new stake in shares of First Trust Small Cap Value AlphaDEX Fund during the second quarter valued at approximately $65,000. Finally, International Assets Investment Management LLC acquired a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the second quarter worth approximately $184,000.

First Trust Small Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ:FYT traded down $0.81 during midday trading on Tuesday, reaching $58.82. The company had a trading volume of 9,105 shares, compared to its average volume of 15,412. First Trust Small Cap Value AlphaDEX Fund has a one year low of $45.27 and a one year high of $59.92. The stock has a market capitalization of $179.41 million, a P/E ratio of 9.68 and a beta of 1.37. The stock’s fifty day moving average price is $55.06 and its 200-day moving average price is $54.01.

First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.2365 per share. This represents a $0.95 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Thursday, September 26th.

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.