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

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 5,200 shares, a growth of 62.5% from the February 13th total of 3,200 shares. Based on an average daily trading volume, of 14,600 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FYT. GAMMA Investing LLC raised its position in shares of First Trust Small Cap Value AlphaDEX Fund by 16.2% during the fourth quarter. GAMMA Investing LLC now owns 1,463 shares of the company’s stock valued at $80,000 after buying an additional 204 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of First Trust Small Cap Value AlphaDEX Fund by 458.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,688 shares of the company’s stock worth $93,000 after buying an additional 1,386 shares during the period. Jones Financial Companies Lllp boosted its stake in First Trust Small Cap Value AlphaDEX Fund by 69.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,714 shares of the company’s stock valued at $149,000 after buying an additional 1,116 shares in the last quarter. Level Four Advisory Services LLC acquired a new position in First Trust Small Cap Value AlphaDEX Fund during the fourth quarter worth $203,000. Finally, Waverly Advisors LLC bought a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the 4th quarter worth about $248,000.

First Trust Small Cap Value AlphaDEX Fund Trading Up 2.3 %

FYT stock opened at $49.87 on Monday. The firm has a market cap of $154.60 million, a PE ratio of 11.17 and a beta of 1.37. The company has a fifty day simple moving average of $53.86 and a 200 day simple moving average of $55.34. First Trust Small Cap Value AlphaDEX Fund has a 1 year low of $48.61 and a 1 year high of $61.45.

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.