Short Interest in First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Rises By 1,906.3%

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 29,031 shares, a growth of 1,906.3% from the June 30th total of 1,447 shares. Based on an average trading volume of 12,588 shares, the short-interest ratio is presently 2.3 days. Currently, 1.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC raised its stake in First Trust Small Cap Value AlphaDEX Fund by 3.3% in the fourth quarter. LPL Financial LLC now owns 218,137 shares of the company’s stock valued at $12,365,000 after buying an additional 6,976 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 1.5% during the fourth quarter. Wells Fargo & Company MN now owns 183,000 shares of the company’s stock worth $10,373,000 after acquiring an additional 2,635 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 38.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 129,940 shares of the company’s stock worth $7,366,000 after acquiring an additional 36,329 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 16.3% during the fourth quarter. Royal Bank of Canada now owns 106,559 shares of the company’s stock valued at $6,040,000 after acquiring an additional 14,973 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 7.6% during the first quarter. Cetera Investment Advisers now owns 60,279 shares of the company’s stock valued at $3,725,000 after acquiring an additional 4,268 shares in the last quarter.

First Trust Small Cap Value AlphaDEX Fund Stock Up 1.5%

Shares of FYT opened at $71.64 on Friday. The company has a 50 day moving average of $68.22 and a two-hundred day moving average of $64.70. First Trust Small Cap Value AlphaDEX Fund has a twelve month low of $50.15 and a twelve month high of $72.46. The company has a market cap of $189.85 million, a price-to-earnings ratio of 10.91 and a beta of 0.97.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.298 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.19 annualized dividend and a dividend yield of 1.7%. This is a boost from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.20.

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.