Short Interest in First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Grows By 68.8%

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT - Get Free Report) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 8,100 shares, an increase of 68.8% from the December 15th total of 4,800 shares. Based on an average daily trading volume, of 12,900 shares, the days-to-cover ratio is currently 0.6 days.

First Trust Small Cap Value AlphaDEX Fund Stock Performance

Shares of FYT traded up $0.22 on Friday, hitting $56.03. 7,404 shares of the stock traded hands, compared to its average volume of 21,300. First Trust Small Cap Value AlphaDEX Fund has a one year low of $50.09 and a one year high of $61.44. The company has a market capitalization of $173.69 million, a PE ratio of 9.68 and a beta of 1.37. The business has a 50 day simple moving average of $57.16 and a 200 day simple moving average of $55.54.

First Trust Small Cap Value AlphaDEX Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.5443 dividend. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 4.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 87,030 shares of the company's stock valued at $4,504,000 after acquiring an additional 3,897 shares during the last quarter. Regal Investment Advisors LLC boosted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 4.5% in the second quarter. Regal Investment Advisors LLC now owns 133,414 shares of the company's stock worth $6,904,000 after buying an additional 5,791 shares during the last quarter. Gateway Wealth Partners LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund during the second quarter valued at approximately $614,000. Sanctuary Advisors LLC bought a new position in First Trust Small Cap Value AlphaDEX Fund in the second quarter worth approximately $886,000. Finally, Simplicity Wealth LLC boosted its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 1.6% during the 3rd quarter. Simplicity Wealth LLC now owns 289,519 shares of the company's stock worth $16,083,000 after acquiring an additional 4,541 shares during the last quarter.

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.