First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Sees Significant Increase in Short Interest

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) saw a large increase in short interest in 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 days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of First Trust Small Cap Value AlphaDEX Fund by 16.2% during the 4th quarter. GAMMA Investing LLC now owns 1,463 shares of the company’s stock worth $80,000 after acquiring an additional 204 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in First Trust Small Cap Value AlphaDEX Fund by 458.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,688 shares of the company’s stock worth $93,000 after buying an additional 1,386 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 69.8% in the 4th 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 during the last quarter. Level Four Advisory Services LLC purchased a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the 4th quarter valued at approximately $203,000. Finally, Waverly Advisors LLC purchased a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the 4th quarter valued at approximately $248,000.

First Trust Small Cap Value AlphaDEX Fund Stock Performance

Shares of NASDAQ FYT traded up $1.13 during mid-day trading on Friday, reaching $49.87. 9,623 shares of the company’s stock were exchanged, compared to its average volume of 14,629. The firm has a market capitalization of $154.60 million, a price-to-earnings ratio of 11.17 and a beta of 1.37. First Trust Small Cap Value AlphaDEX Fund has a 52-week low of $48.61 and a 52-week high of $61.45. The company’s 50-day moving average is $53.86 and its 200-day moving average is $55.34.

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.