First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Short Interest Down 66.5% in May

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 4,571 shares, a decrease of 66.5% from the April 30th total of 13,664 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 23,627 shares, the short-interest ratio is currently 0.2 days.

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

Institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC purchased a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the 4th quarter valued at $202,000. Western Wealth Management LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund during the 1st quarter valued at $60,000. Cetera Investment Advisers boosted its position 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 valued at $3,725,000 after buying an additional 4,268 shares during the period. Gateway Wealth Partners LLC boosted its position in First Trust Small Cap Value AlphaDEX Fund by 102.8% during the 1st quarter. Gateway Wealth Partners LLC now owns 24,628 shares of the company’s stock valued at $1,522,000 after buying an additional 12,487 shares during the period. Finally, Kingsview Wealth Management LLC boosted its position 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 buying an additional 36,329 shares during the period.

First Trust Small Cap Value AlphaDEX Fund Stock Performance

First Trust Small Cap Value AlphaDEX Fund stock traded down $0.19 during midday trading on Friday, reaching $66.08. 4,404 shares of the stock were exchanged, compared to its average volume of 20,653. The company’s fifty day moving average is $64.44 and its 200-day moving average is $61.25. The firm has a market cap of $181.72 million, a PE ratio of 10.91 and a beta of 1.00. First Trust Small Cap Value AlphaDEX Fund has a 52 week low of $47.91 and a 52 week high of $67.71.

First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.2014 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 1.2%.

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.