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

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 27,691 shares, a decline of 32.2% from the August 15th total of 40,848 shares. Based on an average trading volume of 12,195 shares, the short-interest ratio is presently 2.3 days. Currently, 1.0% of the shares of the company are short sold.

First Trust Small Cap Value AlphaDEX Fund Stock Performance

Shares of First Trust Small Cap Value AlphaDEX Fund stock opened at $69.86 on Friday. First Trust Small Cap Value AlphaDEX Fund has a one year low of $52.47 and a one year high of $73.77. The stock’s fifty day moving average is $71.80 and its 200 day moving average is $67.54. The stock has a market cap of $185.13 million, a P/E ratio of 10.91 and a beta of 0.97.

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First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.298 dividend. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.20. This represents a $1.19 dividend on an annualized basis and a yield of 1.7%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Kingsview Wealth Management LLC lifted its holdings in First Trust Small Cap Value AlphaDEX Fund by 38.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 129,940 shares of the company’s stock valued at $7,366,000 after purchasing an additional 36,329 shares in the last quarter. Cetera Investment Advisers boosted its position 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 worth $3,725,000 after purchasing an additional 4,268 shares during the period. Kestra Advisory Services LLC increased its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 3.8% in the first quarter. Kestra Advisory Services LLC now owns 33,520 shares of the company’s stock worth $2,071,000 after purchasing an additional 1,240 shares in the last quarter. Gateway Wealth Partners LLC raised its position 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 valued at $1,522,000 after purchasing an additional 12,487 shares during the period. Finally, Nwam LLC purchased a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the 1st quarter valued at $1,241,000.

About First Trust Small Cap Value AlphaDEX Fund

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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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