First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Short Interest Update

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT - Get Free Report) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 3,600 shares, a decline of 72.1% from the March 15th total of 12,900 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 19,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in FYT. GAMMA Investing LLC grew its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 16.2% in the 4th quarter. GAMMA Investing LLC now owns 1,463 shares of the company's stock worth $80,000 after acquiring an additional 204 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of First Trust Small Cap Value AlphaDEX Fund by 458.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,688 shares of the company's stock worth $93,000 after buying an additional 1,386 shares in the last quarter. Jones Financial Companies Lllp grew its stake in First Trust Small Cap Value AlphaDEX Fund by 69.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,714 shares of the company's stock valued at $149,000 after acquiring an additional 1,116 shares during the last quarter. Level Four Advisory Services LLC purchased a new position in First Trust Small Cap Value AlphaDEX Fund during the 4th quarter valued at about $203,000. Finally, Waverly Advisors LLC acquired a new position in First Trust Small Cap Value AlphaDEX Fund during the fourth quarter worth about $248,000.

First Trust Small Cap Value AlphaDEX Fund Stock Up 1.6 %

NASDAQ:FYT traded up $0.70 during trading hours on Friday, reaching $45.14. 13,570 shares of the company's stock were exchanged, compared to its average volume of 15,763. The firm has a market capitalization of $119.62 million, a price-to-earnings ratio of 11.70 and a beta of 1.37. First Trust Small Cap Value AlphaDEX Fund has a 1-year low of $42.11 and a 1-year high of $61.45. The company has a 50-day moving average of $49.64 and a 200 day moving average of $53.96.

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.