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

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 8,100 shares, a growth of 68.8% from the December 15th total of 4,800 shares. Based on an average daily volume of 12,900 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in First Trust Small Cap Value AlphaDEX Fund by 16.2% during the fourth quarter. GAMMA Investing LLC now owns 1,463 shares of the company’s stock valued at $80,000 after buying an additional 204 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in First Trust Small Cap Value AlphaDEX Fund by 2.3% during the third quarter. Chicago Partners Investment Group LLC now owns 9,368 shares of the company’s stock worth $508,000 after purchasing an additional 211 shares during the last quarter. US Bancorp DE boosted its holdings in First Trust Small Cap Value AlphaDEX Fund by 4.0% in the third quarter. US Bancorp DE now owns 26,584 shares of the company’s stock worth $1,480,000 after purchasing an additional 1,018 shares during the period. Pinnacle Bancorp Inc. increased its stake in First Trust Small Cap Value AlphaDEX Fund by 17.5% during the fourth quarter. Pinnacle Bancorp Inc. now owns 13,413 shares of the company’s stock valued at $738,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Northwest Wealth Management LLC bought a new stake in First Trust Small Cap Value AlphaDEX Fund during the third quarter valued at $207,000.

First Trust Small Cap Value AlphaDEX Fund Price Performance

FYT traded up $0.09 during trading hours on Friday, reaching $55.90. 3,066 shares of the stock traded hands, compared to its average volume of 20,848. First Trust Small Cap Value AlphaDEX Fund has a fifty-two week low of $50.09 and a fifty-two week high of $61.44. The company has a market cap of $173.27 million, a price-to-earnings ratio of 9.68 and a beta of 1.37. The firm’s fifty day simple moving average is $57.16 and its two-hundred day simple moving average is $55.54.

First Trust Small Cap Value AlphaDEX Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.5443 per share. The ex-dividend date of this dividend was Friday, December 13th.

First Trust Small Cap Value AlphaDEX Fund Company Profile

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.