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

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 5,224 shares, a decrease of 83.9% from the November 30th total of 32,367 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,022 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 10,022 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.

First Trust Small Cap Value AlphaDEX Fund Price Performance

FYT stock traded down $0.28 during midday trading on Friday, reaching $57.23. 798 shares of the stock were exchanged, compared to its average volume of 11,168. First Trust Small Cap Value AlphaDEX Fund has a 52 week low of $42.11 and a 52 week high of $59.26. The company has a fifty day moving average price of $55.88 and a 200 day moving average price of $54.45. The stock has a market capitalization of $140.20 million, a PE ratio of 10.91 and a beta of 1.11.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a dividend of $0.3251 per share. This represents a $1.30 annualized dividend and a dividend yield of 2.3%. This is an increase from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, December 12th.

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

Several hedge funds have recently added to or reduced their stakes in the business. Northwest Wealth Management LLC bought a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the third quarter worth $204,000. Belpointe Asset Management LLC lifted its holdings in First Trust Small Cap Value AlphaDEX Fund by 7.8% during the 3rd quarter. Belpointe Asset Management LLC now owns 14,446 shares of the company’s stock worth $807,000 after buying an additional 1,050 shares during the period. Truist Financial Corp grew its position in shares of First Trust Small Cap Value AlphaDEX Fund by 4.8% in the 3rd quarter. Truist Financial Corp now owns 45,064 shares of the company’s stock valued at $2,519,000 after buying an additional 2,047 shares during the last quarter. Founders Financial Alliance LLC bought a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the 3rd quarter valued at about $159,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 2.9% in the third quarter. Envestnet Asset Management Inc. now owns 46,090 shares of the company’s stock valued at $2,576,000 after buying an additional 1,297 shares during the period.

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.