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

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 11,539 shares, a growth of 634.5% from the December 31st total of 1,571 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 23,240 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 23,240 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On First Trust Small Cap Value AlphaDEX Fund

Several large investors have recently modified their holdings of FYT. Trust Co. of Toledo NA OH purchased a new stake in First Trust Small Cap Value AlphaDEX Fund in the 2nd quarter valued at approximately $25,000. Sound Income Strategies LLC acquired a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the 4th quarter valued at approximately $44,000. JPMorgan Chase & Co. boosted its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 32.2% in the third quarter. JPMorgan Chase & Co. now owns 923 shares of the company’s stock valued at $52,000 after buying an additional 225 shares in the last quarter. Winnow Wealth LLC acquired a new position in First Trust Small Cap Value AlphaDEX Fund during the second quarter worth $50,000. Finally, Ameritas Advisory Services LLC acquired a new position in First Trust Small Cap Value AlphaDEX Fund during the second quarter worth $54,000.

First Trust Small Cap Value AlphaDEX Fund Trading Up 1.3%

Shares of NASDAQ FYT traded up $0.78 during mid-day trading on Thursday, reaching $60.89. The company had a trading volume of 38,771 shares, compared to its average volume of 16,846. The firm has a 50 day simple moving average of $58.08 and a two-hundred day simple moving average of $55.87. First Trust Small Cap Value AlphaDEX Fund has a 52-week low of $42.11 and a 52-week high of $62.12. The stock has a market cap of $167.45 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 declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.3251 per share. The ex-dividend date was Friday, December 12th. This represents a $1.30 dividend on an annualized basis and a yield of 2.1%. This is a boost from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.21.

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.