First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Shares Shorted: Short Interest Down 37.3% in September

Posted by George Bondi on Oct 2nd, 2026

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT – Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 17,360 shares, a decline of 37.3% from the August 31st total of 27,691 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 17,939 shares, the short-interest ratio is presently 1.0 days.

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

Large investors have recently modified their holdings of the business. Baird Financial Group Inc. raised its stake in First Trust Small Cap Value AlphaDEX Fund by 7.5% in the 2nd quarter. Baird Financial Group Inc. now owns 7,164 shares of the company’s stock valued at $500,000 after purchasing an additional 500 shares during the last quarter. Western Wealth Management LLC purchased a new position in First Trust Small Cap Value AlphaDEX Fund in the 1st quarter valued at about $60,000. Gateway Wealth Partners LLC boosted its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 102.8% during the 1st quarter. Gateway Wealth Partners LLC now owns 24,628 shares of the company’s stock worth $1,522,000 after purchasing an additional 12,487 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 7.6% during the 1st quarter. Cetera Investment Advisers now owns 60,279 shares of the company’s stock worth $3,725,000 after purchasing an additional 4,268 shares during the last quarter. Finally, Nwam LLC acquired a new stake in shares of First Trust Small Cap Value AlphaDEX Fund during the 1st quarter worth about $1,241,000.

First Trust Small Cap Value AlphaDEX Fund Stock Up 1.0%

NASDAQ FYT opened at $67.52 on Friday. The stock has a market capitalization of $182.29 million, a P/E ratio of 10.91 and a beta of 0.97. First Trust Small Cap Value AlphaDEX Fund has a 52-week low of $52.47 and a 52-week high of $73.77. The firm has a 50-day moving average price of $71.25 and a 200 day moving average price of $67.98.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.4655 per share. This represents a $1.86 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, September 24th. This is a positive change from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.2980.

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.