First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Short Interest Up 425.0% in October

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 6,300 shares, an increase of 425.0% from the October 15th total of 1,200 shares. Based on an average daily trading volume, of 11,600 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

Several hedge funds have recently bought and sold shares of FYT. GAMMA Investing LLC acquired a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the second quarter valued at approximately $65,000. International Assets Investment Management LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund during the 2nd quarter worth approximately $184,000. Northwest Wealth Management LLC acquired a new stake in shares of First Trust Small Cap Value AlphaDEX Fund during the 3rd quarter worth approximately $207,000. 9258 Wealth Management LLC boosted its stake in First Trust Small Cap Value AlphaDEX Fund by 9.0% during the 2nd quarter. 9258 Wealth Management LLC now owns 4,104 shares of the company’s stock valued at $212,000 after purchasing an additional 340 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in First Trust Small Cap Value AlphaDEX Fund by 2.3% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 9,368 shares of the company’s stock valued at $508,000 after purchasing an additional 211 shares during the period.

First Trust Small Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ FYT traded down $0.49 during mid-day trading on Thursday, hitting $57.95. 3,678 shares of the stock traded hands, compared to its average volume of 15,313. First Trust Small Cap Value AlphaDEX Fund has a twelve month low of $47.54 and a twelve month high of $59.92. The company has a market cap of $176.75 million, a PE ratio of 9.68 and a beta of 1.37. The firm has a 50 day simple moving average of $55.21 and a two-hundred day simple moving average of $54.07.

First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.2365 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.95 dividend on an annualized basis and a yield of 1.63%.

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.