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

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 200 shares, a growth of 100.0% from the February 29th total of 100 shares. Based on an average daily trading volume, of 18,300 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in First Trust Small Cap Value AlphaDEX Fund in the fourth quarter valued at about $14,081,000. First Trust Advisors LP acquired a new stake in First Trust Small Cap Value AlphaDEX Fund in the 1st quarter worth approximately $5,156,000. Royal Bank of Canada boosted its position in First Trust Small Cap Value AlphaDEX Fund by 52.5% during the second quarter. Royal Bank of Canada now owns 200,975 shares of the company’s stock worth $9,259,000 after purchasing an additional 69,203 shares during the period. UBS Group AG raised its position in shares of First Trust Small Cap Value AlphaDEX Fund by 124.4% in the first quarter. UBS Group AG now owns 117,655 shares of the company’s stock valued at $6,011,000 after purchasing an additional 65,221 shares during the period. Finally, Blueprint Investment Partners LLC lifted its position in First Trust Small Cap Value AlphaDEX Fund by 29.8% during the 2nd quarter. Blueprint Investment Partners LLC now owns 254,429 shares of the company’s stock worth $11,722,000 after acquiring an additional 58,386 shares during the last quarter.

First Trust Small Cap Value AlphaDEX Fund Trading Up 0.6 %

FYT traded up $0.31 during trading hours on Thursday, hitting $54.33. The company’s stock had a trading volume of 8,932 shares, compared to its average volume of 17,584. First Trust Small Cap Value AlphaDEX Fund has a fifty-two week low of $41.37 and a fifty-two week high of $55.62. The firm has a market capitalization of $201.02 million, a PE ratio of 9.23 and a beta of 1.37. The company has a 50-day simple moving average of $52.51 and a 200 day simple moving average of $50.14.

First Trust Small Cap Value AlphaDEX Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd will be issued a $0.122 dividend. The ex-dividend date is Thursday, March 21st. This represents a $0.49 annualized dividend and a dividend yield of 0.90%.

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.