Short Interest in First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Rises By 129.8%

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 13,664 shares, an increase of 129.8% from the April 15th total of 5,945 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 29,905 shares, the short-interest ratio is presently 0.5 days.

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

Hedge funds have recently bought and sold shares of the business. Sound Income Strategies LLC purchased a new position in First Trust Small Cap Value AlphaDEX Fund during the fourth quarter worth approximately $44,000. JPMorgan Chase & Co. boosted its position in First Trust Small Cap Value AlphaDEX Fund by 32.2% during the third quarter. JPMorgan Chase & Co. now owns 923 shares of the company’s stock worth $52,000 after purchasing an additional 225 shares in the last quarter. Founders Financial Alliance LLC purchased a new position in First Trust Small Cap Value AlphaDEX Fund during the third quarter worth approximately $159,000. Level Four Advisory Services LLC purchased a new position in First Trust Small Cap Value AlphaDEX Fund during the third quarter worth approximately $201,000. Finally, Corient Private Wealth LLC purchased a new position in First Trust Small Cap Value AlphaDEX Fund during the fourth quarter worth approximately $202,000.

First Trust Small Cap Value AlphaDEX Fund Stock Performance

First Trust Small Cap Value AlphaDEX Fund stock traded down $0.93 during midday trading on Friday, hitting $63.35. 5,090 shares of the company were exchanged, compared to its average volume of 22,250. The firm has a market capitalization of $174.21 million, a PE ratio of 10.91 and a beta of 1.00. First Trust Small Cap Value AlphaDEX Fund has a fifty-two week low of $47.42 and a fifty-two week high of $67.71. The business has a fifty day simple moving average of $63.58 and a two-hundred day simple moving average of $60.46.

First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.2014 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.81 dividend on an annualized basis and a yield of 1.3%.

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.