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

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) 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. Based on an average daily trading volume, of 14,600 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

First Trust Small Cap Value AlphaDEX Fund Stock Performance

Shares of FYT stock traded up $1.13 during trading on Friday, hitting $49.87. The company had a trading volume of 9,623 shares, compared to its average volume of 14,629. The firm has a market capitalization of $154.60 million, a P/E ratio of 11.17 and a beta of 1.37. The stock’s 50-day moving average price is $53.86 and its 200 day moving average price is $55.34. First Trust Small Cap Value AlphaDEX Fund has a one year low of $48.61 and a one year high of $61.45.

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

Institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 7.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 40,241 shares of the company’s stock valued at $2,214,000 after buying an additional 2,961 shares during the period. PNC Financial Services Group Inc. lifted its stake in First Trust Small Cap Value AlphaDEX Fund by 458.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,688 shares of the company’s stock worth $93,000 after purchasing an additional 1,386 shares during the last quarter. Blueprint Investment Partners LLC lifted its stake in First Trust Small Cap Value AlphaDEX Fund by 12.8% during the fourth quarter. Blueprint Investment Partners LLC now owns 288,733 shares of the company’s stock worth $15,883,000 after purchasing an additional 32,743 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in First Trust Small Cap Value AlphaDEX Fund by 2.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,627 shares of the company’s stock worth $805,000 after purchasing an additional 339 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in First Trust Small Cap Value AlphaDEX Fund by 69.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,714 shares of the company’s stock worth $149,000 after purchasing an additional 1,116 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.