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

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT – Get Free Report) was the recipient of a significant increase in short interest in 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 stock are sold short. Based on an average daily trading volume, of 29,905 shares, the short-interest ratio is currently 0.5 days.

First Trust Small Cap Value AlphaDEX Fund Stock Performance

Shares of NASDAQ:FYT traded down $0.93 during midday trading on Friday, hitting $63.35. The company’s stock had a trading volume of 5,090 shares, compared to its average volume of 22,250. The business’s 50 day simple moving average is $63.58 and its 200 day simple moving average is $60.46. The company has a market cap of $174.21 million, a P/E ratio of 10.91 and a beta of 1.00. First Trust Small Cap Value AlphaDEX Fund has a 12-month low of $47.42 and a 12-month high of $67.71.

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First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

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

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

A number of institutional investors have recently bought and sold shares of FYT. Sound Income Strategies LLC purchased a new position in First Trust Small Cap Value AlphaDEX Fund during the fourth quarter worth about $44,000. JPMorgan Chase & Co. raised its stake 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 during the period. Founders Financial Alliance LLC purchased a new position in First Trust Small Cap Value AlphaDEX Fund during the third quarter worth about $159,000. Level Four Advisory Services LLC purchased a new position in First Trust Small Cap Value AlphaDEX Fund during the third quarter worth about $201,000. Finally, Corient Private Wealth LLC purchased a new position in First Trust Small Cap Value AlphaDEX Fund during the fourth quarter worth about $202,000.

About First Trust Small Cap Value AlphaDEX Fund

(Get Free Report)

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.

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