First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Shares Shorted: Short Interest Down 78.1% in October

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 2,844 shares, a drop of 78.1% from the October 15th total of 12,995 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 16,273 shares, the short-interest ratio is currently 0.2 days.

First Trust Small Cap Value AlphaDEX Fund Stock Up 0.5%

FYT stock traded up $0.33 during trading hours on Friday, hitting $70.55. The company’s stock had a trading volume of 4,367 shares, compared to its average volume of 17,868. The company has a market capitalization of $176.38 million, a PE ratio of 10.97 and a beta of 1.00. The stock has a 50 day moving average price of $69.35 and a two-hundred day moving average price of $67.30. First Trust Small Cap Value AlphaDEX Fund has a 12 month low of $52.47 and a 12 month high of $73.77.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.4655 dividend. This is an increase from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.2980. This represents a $1.86 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, September 24th.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers raised its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 7.6% in 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 during the last quarter. Roman Butler Fullerton & Co. bought a new position in First Trust Small Cap Value AlphaDEX Fund in the third quarter valued at approximately $3,359,000. Commonwealth Equity Services LLC acquired a new position in First Trust Small Cap Value AlphaDEX Fund during the 3rd quarter worth approximately $2,891,000. Kestra Advisory Services LLC boosted its position in First Trust Small Cap Value AlphaDEX Fund by 120.6% during the third quarter. Kestra Advisory Services LLC now owns 34,670 shares of the company’s stock valued at $2,318,000 after purchasing an additional 18,956 shares during the last quarter. Finally, Gateway Wealth Partners LLC lifted its stake in First Trust Small Cap Value AlphaDEX Fund by 102.8% in the first quarter. Gateway Wealth Partners LLC now owns 24,628 shares of the company’s stock valued at $1,522,000 after acquiring an additional 12,487 shares during the last quarter.

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.