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

Key Points

• The First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) experienced a significant increase in short interest, rising by 142.9% from mid-September to the end of the month, totaling 3,400 shares.
• Several large investors have recently either increased or established new positions in FYT, with Trust Co. of Toledo NA and others investing sums ranging from $25,000 to $54,000 during the second quarter.
• FYT's stock price saw a slight increase of 0.5%, reaching $54.35, with a current market capitalization of $133.16 million.

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT - ) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 3,400 shares, an increase of 142.9% from the September 15th total of 1,400 shares. Based on an average trading volume of 7,500 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 7,500 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FYT. Trust Co. of Toledo NA OH acquired a new position in First Trust Small Cap Value AlphaDEX Fund in the 2nd quarter valued at approximately $25,000. Winnow Wealth LLC bought a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the second quarter worth $50,000. Ameritas Advisory Services LLC acquired a new stake in First Trust Small Cap Value AlphaDEX Fund in the second quarter valued at $54,000. Creative Financial Designs Inc. ADV raised its position in First Trust Small Cap Value AlphaDEX Fund by 16.2% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,482 shares of the company's stock worth $75,000 after purchasing an additional 207 shares during the last quarter. Finally, Capital Analysts LLC lifted its holdings in First Trust Small Cap Value AlphaDEX Fund by 39.5% during the 1st quarter. Capital Analysts LLC now owns 1,968 shares of the company's stock worth $98,000 after buying an additional 557 shares during the period.

First Trust Small Cap Value AlphaDEX Fund Trading Up 0.5%

FYT traded up $0.25 on Friday, reaching $54.35. The stock had a trading volume of 2,945 shares, compared to its average volume of 12,477. The firm has a 50-day moving average of $55.64 and a 200-day moving average of $51.49. First Trust Small Cap Value AlphaDEX Fund has a fifty-two week low of $42.11 and a fifty-two week high of $61.44. The company has a market capitalization of $133.16 million, a price-to-earnings ratio of 10.91 and a beta of 1.37.

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.

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