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

The First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) experienced a notable increase in short interest during February. By February 28th, the total short interest had risen to 5,200 shares, marking a sharp increase of 62.5% from the prior total of 3,200 shares reported on February 13th. Currently, approximately 0.2% of the company’s shares are sold short. Given an average daily trading volume of 14,600 shares, the current short-interest ratio stands at 0.4 days.

First Trust Small Cap Value AlphaDEX Fund Stock Performance

On Friday, shares of FYT rose by $1.13, reaching a trading price of $49.87. The trading volume for the day was 9,623 shares, which is below the average trading volume of 14,629 shares. The firm's market capitalization is reported at $154.60 million, with a P/E ratio of 11.17 and a beta of 1.37. The 50-day moving average price for the stock is $53.86, while the 200-day moving average price is $55.34. Over the past year, First Trust Small Cap Value AlphaDEX Fund has seen a low of $48.61 and a high of $61.45.

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

Recent actions by institutional investors indicate a shift in their positions regarding the Fund. Commonwealth Equity Services LLC increased its stake in FYT by 7.9% during the fourth quarter, owning 40,241 shares valued at $2,214,000 after purchasing an additional 2,961 shares. Another significant move came from PNC Financial Services Group Inc., which raised its stake by an impressive 458.9%, now holding 1,688 shares worth approximately $93,000. Additionally, Blueprint Investment Partners LLC boosted its holdings by 12.8%, now owning 288,733 shares valued at $15,883,000. Avantax Advisory Services Inc. and Jones Financial Companies Lllp also increased their investments by 2.4% and 69.8%, respectively, during the same fourth-quarter 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 follows the NASDAQ AlphaDEX Small Cap Value index. This ETF tracks an index compiling securities from the NASDAQ US 700 Small Cap Index, which are then rescreened and weighted using a tiered approach. The fund was launched on April 18, 2011, and is managed by First Trust.

Further Reading

• Five stocks we like better than First Trust Small Cap Value AlphaDEX Fund
• Stock Ratings and Recommendations: Understanding Analyst Ratings
• Ignore Reports, Apple Won't Install Starlink with iOS 18.3
• Why Understanding Call Option Volume is Essential to Successful Options Trading
• Casey’s Uptrend Remains Strong—New Highs on the Horizon
• Expert Stock Trading Psychology Tips
• Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead

This report was generated using narrative science technology and data to ensure accurate and timely information.

Should You Invest $1,000 in First Trust Small Cap Value AlphaDEX Fund Right Now?

Before making an investment decision regarding the First Trust Small Cap Value AlphaDEX Fund, it is advisable to consider insights from leading analysts.

MarketBeat tracks top-rated analysts and their recommendations. Currently, the First Trust Small Cap Value AlphaDEX Fund has a Hold rating. However, analysts have identified five other stocks as more promising investments.

View The Five Stocks Here.

FYT, Short, Investors