First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Short Interest Down 72.1% in March

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 3,600 shares, a drop of 72.1% from the March 15th total of 12,900 shares. Based on an average trading volume of 19,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

First Trust Small Cap Value AlphaDEX Fund Trading Down 0.5 %

Shares of FYT stock traded down $0.23 during mid-day trading on Wednesday, reaching $44.44. The stock had a trading volume of 28,719 shares, compared to its average volume of 15,727. The firm has a market cap of $122.21 million, a price-to-earnings ratio of 11.70 and a beta of 1.37. First Trust Small Cap Value AlphaDEX Fund has a 1-year low of $42.11 and a 1-year high of $61.45. The business’s fifty day moving average is $50.02 and its 200-day moving average is $54.10.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of First Trust Small Cap Value AlphaDEX Fund by 4,873.0% during the 1st quarter. GAMMA Investing LLC now owns 72,755 shares of the company’s stock worth $3,618,000 after purchasing an additional 71,292 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in First Trust Small Cap Value AlphaDEX Fund in the fourth quarter valued at approximately $3,054,000. Blueprint Investment Partners LLC boosted its position in First Trust Small Cap Value AlphaDEX Fund by 12.8% in the 4th quarter. Blueprint Investment Partners LLC now owns 288,733 shares of the company’s stock valued at $15,883,000 after buying an additional 32,743 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of First Trust Small Cap Value AlphaDEX Fund by 152.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 42,152 shares of the company’s stock valued at $2,319,000 after buying an additional 25,430 shares during the last quarter. Finally, Prasad Wealth Partners LLC acquired a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the fourth quarter valued at approximately $1,225,000.

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.