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

by · The Markets Daily

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,481 shares, a drop of 56.7% from the May 31st total of 3,424 shares. Based on an average trading volume of 9,516 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

First Trust Small Cap Value AlphaDEX Fund Trading Up 0.1%

Shares of FYT stock traded up $0.09 on Tuesday, hitting $69.81. The stock had a trading volume of 7,576 shares, compared to its average volume of 18,386. First Trust Small Cap Value AlphaDEX Fund has a twelve month low of $50.15 and a twelve month high of $70.25. The company has a fifty day moving average price of $66.55 and a two-hundred day moving average price of $63.04. The firm has a market cap of $191.98 million, a P/E ratio of 10.91 and a beta of 0.98.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a $0.298 dividend. The ex-dividend date of this dividend is 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 Investors Weigh In On First Trust Small Cap Value AlphaDEX Fund

Several large investors have recently modified their holdings of the business. Sound Income Strategies LLC bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the 4th quarter valued at about $44,000. JPMorgan Chase & Co. lifted its position in First Trust Small Cap Value AlphaDEX Fund by 32.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 923 shares of the company’s stock valued at $52,000 after acquiring an additional 225 shares in the last quarter. Western Wealth Management LLC acquired a new position in First Trust Small Cap Value AlphaDEX Fund in the 1st quarter worth $60,000. Level Four Advisory Services LLC acquired a new position in First Trust Small Cap Value AlphaDEX Fund in the 3rd quarter worth $201,000. Finally, Corient Private Wealth LLC bought a new position in First Trust Small Cap Value AlphaDEX Fund during the 4th 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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