Short Interest in First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Drops By 69.9%

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 1,571 shares, a decline of 69.9% from the December 15th total of 5,224 shares. Based on an average daily volume of 7,282 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 7,282 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Small Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ FYT traded up $0.33 during mid-day trading on Tuesday, hitting $59.99. The company had a trading volume of 3,234 shares, compared to its average volume of 24,823. The business’s 50-day simple moving average is $56.58 and its 200-day simple moving average is $55.21. First Trust Small Cap Value AlphaDEX Fund has a 12 month low of $42.11 and a 12 month high of $59.99. The firm has a market cap of $158.96 million, a P/E ratio of 10.91 and a beta of 1.11.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.3251 dividend. The ex-dividend date was Friday, December 12th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.21.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Blueprint Financial Advisors LLC bought a new position in First Trust Small Cap Value AlphaDEX Fund in the third quarter worth $9,849,000. Blueprint Investment Partners LLC increased its holdings in First Trust Small Cap Value AlphaDEX Fund by 44.4% in the 3rd quarter. Blueprint Investment Partners LLC now owns 176,201 shares of the company’s stock valued at $9,849,000 after buying an additional 54,166 shares during the period. Jones Financial Companies Lllp raised its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 442.5% in the 1st quarter. Jones Financial Companies Lllp now owns 14,724 shares of the company’s stock valued at $673,000 after buying an additional 12,010 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 41.8% during the 2nd quarter. Cetera Investment Advisers now owns 33,661 shares of the company’s stock worth $1,698,000 after acquiring an additional 9,923 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the 2nd quarter worth about $261,000.

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.