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

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 10,878 shares, a decrease of 37.3% from the September 15th total of 17,360 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,340 shares, the days-to-cover ratio is currently 1.2 days.

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

Several institutional investors and hedge funds have recently made changes to their positions in FYT. Baird Financial Group Inc. raised its position 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 worth $500,000 after purchasing an additional 500 shares during the period. Western Wealth Management LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund during the first quarter valued at about $60,000. Gateway Wealth Partners LLC grew its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 102.8% during the first quarter. Gateway Wealth Partners LLC now owns 24,628 shares of the company’s stock valued at $1,522,000 after buying an additional 12,487 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 7.6% during the first quarter. Cetera Investment Advisers now owns 60,279 shares of the company’s stock valued at $3,725,000 after buying an additional 4,268 shares during the last quarter. Finally, Nwam LLC bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the first quarter valued at about $1,241,000.

First Trust Small Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ FYT opened at $68.42 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 firm’s 50 day simple moving average is $70.19 and its two-hundred day simple moving average is $68.45. The stock has a market capitalization of $171.05 million, a P/E ratio of 10.91 and a beta of 0.99.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.4655 dividend. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.7%. 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

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.