Short Interest in First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Increases By 62.5%

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT - Get Free Report) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 5,200 shares, an increase of 62.5% from the February 13th total of 3,200 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 14,600 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings 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 worth $80,000 after buying an additional 204 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 458.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,688 shares of the company's stock valued at $93,000 after purchasing an additional 1,386 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 69.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,714 shares of the company's stock valued at $149,000 after purchasing an additional 1,116 shares in the last quarter. Level Four Advisory Services LLC purchased a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the fourth quarter valued at about $203,000. Finally, Waverly Advisors LLC purchased a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the fourth quarter valued at about $248,000.

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First Trust Small Cap Value AlphaDEX Fund Trading Up 1.1 %

Shares of First Trust Small Cap Value AlphaDEX Fund stock traded up $0.54 on Wednesday, reaching $50.74. 7,068 shares of the stock were exchanged, compared to its average volume of 14,516. The firm has a market capitalization of $157.29 million, a PE ratio of 11.17 and a beta of 1.37. First Trust Small Cap Value AlphaDEX Fund has a 1-year low of $48.61 and a 1-year high of $61.45. The business has a fifty day moving average price of $53.69 and a two-hundred day moving average price of $55.26.

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.