First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Short Interest Up 19.0% in November

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT - Get Free Report) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 7,500 shares, an increase of 19.0% from the October 31st total of 6,300 shares. Based on an average daily volume of 10,200 shares, the days-to-cover ratio is currently 0.7 days.

First Trust Small Cap Value AlphaDEX Fund Price Performance

NASDAQ:FYT traded up $0.06 during trading hours on Friday, hitting $60.06. The company's stock had a trading volume of 4,760 shares, compared to its average volume of 15,231. The stock has a fifty day simple moving average of $56.21 and a 200-day simple moving average of $54.56. The company has a market capitalization of $183.18 million, a P/E ratio of 9.68 and a beta of 1.37. First Trust Small Cap Value AlphaDEX Fund has a twelve month low of $48.01 and a twelve month high of $61.44.

First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.2365 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.95 annualized dividend and a dividend yield of 1.58%.

Institutional Investors Weigh In On First Trust Small Cap Value AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC purchased a new position in First Trust Small Cap Value AlphaDEX Fund in the second quarter worth $65,000. International Assets Investment Management LLC bought a new stake in shares of First Trust Small Cap Value AlphaDEX Fund during the 2nd quarter valued at $184,000. Northwest Wealth Management LLC bought a new stake in shares of First Trust Small Cap Value AlphaDEX Fund during the 3rd quarter valued at $207,000. 9258 Wealth Management LLC increased its stake in First Trust Small Cap Value AlphaDEX Fund by 9.0% in the 2nd quarter. 9258 Wealth Management LLC now owns 4,104 shares of the company's stock worth $212,000 after acquiring an additional 340 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its stake in First Trust Small Cap Value AlphaDEX Fund by 2.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 9,368 shares of the company's stock worth $508,000 after acquiring an additional 211 shares during the last quarter.

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.