First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Stock Short Interest Report for October

Key Points

• Short interest fell 78.1% in October to 2,844 shares as of October 30, equal to about 0.1% of shares outstanding; the short-interest ratio was 0.2 days.
• FYT opened at $71.05, within its 12-month range of $52.47–$73.77. Its market capitalization was $177.63 million.
• The fund raised its quarterly dividend to $0.4655 from $0.2980, representing an annualized dividend of $1.86 and a 2.6% yield.

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT - Get Free Report) was the target of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 2,844 shares, a drop of 78.1% from the October 15th total of 12,995 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 16,273 shares, the short-interest ratio is currently 0.2 days.

First Trust Small Cap Value AlphaDEX Fund Price Performance

NASDAQ:FYT opened at $71.05 on Thursday. First Trust Small Cap Value AlphaDEX Fund has a 12-month low of $52.47 and a 12-month high of $73.77. The firm has a market capitalization of $177.63 million, a P/E ratio of 10.97 and a beta of 1.00. The business has a 50 day simple moving average of $69.38 and a 200 day simple moving average of $67.25.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.4655 dividend. The ex-dividend date was Thursday, September 24th. This is a positive change from First Trust Small Cap Value AlphaDEX Fund's previous quarterly dividend of $0.2980. This represents a $1.86 dividend on an annualized basis and a yield of 2.6%.

Hedge Funds Weigh In On First Trust Small Cap Value AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of FYT. Janney Montgomery Scott LLC increased its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 5.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,734 shares of the company's stock worth $231,000 after acquiring an additional 196 shares during the period. Baird Financial Group Inc. lifted its position in First Trust Small Cap Value AlphaDEX Fund by 7.5% in the 2nd quarter. Baird Financial Group Inc. now owns 7,164 shares of the company's stock valued at $500,000 after purchasing an additional 500 shares during the last quarter. Western Wealth Management LLC acquired a new position in First Trust Small Cap Value AlphaDEX Fund during the 1st quarter valued at about $60,000. IFG Advisory LLC boosted its stake in First Trust Small Cap Value AlphaDEX Fund by 5.3% during the 3rd quarter. IFG Advisory LLC now owns 20,907 shares of the company's stock valued at $1,398,000 after purchasing an additional 1,053 shares during the period. Finally, Kestra Advisory Services LLC boosted its stake in First Trust Small Cap Value AlphaDEX Fund by 3.8% during the 1st quarter. Kestra Advisory Services LLC now owns 33,520 shares of the company's stock valued at $2,071,000 after purchasing an additional 1,240 shares during the period.

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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