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

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 40,600 shares, a drop of 41.0% from the August 15th total of 68,800 shares. Based on an average trading volume of 16,200 shares, the short-interest ratio is currently 2.5 days.

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in First Trust Small Cap Value AlphaDEX Fund by 46.0% in the second quarter. Bank of America Corp DE now owns 125,462 shares of the company’s stock valued at $3,785,000 after acquiring an additional 39,505 shares during the period. Tower Research Capital LLC TRC acquired a new position in First Trust Small Cap Value AlphaDEX Fund in the first quarter valued at approximately $1,296,000. UBS Group AG raised its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 247.3% during the second quarter. UBS Group AG now owns 46,550 shares of the company’s stock valued at $1,404,000 after buying an additional 33,146 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 61.9% during the first quarter. Royal Bank of Canada now owns 29,744 shares of the company’s stock valued at $656,000 after buying an additional 11,367 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 3.5% during the second quarter. US Bancorp DE now owns 28,239 shares of the company’s stock valued at $853,000 after buying an additional 943 shares during the last quarter.

Shares of First Trust Small Cap Value AlphaDEX Fund stock traded down $0.15 during trading hours on Wednesday, hitting $32.04. 27,967 shares of the company’s stock traded hands, compared to its average volume of 19,791. The stock has a 50 day simple moving average of $32.57 and a 200-day simple moving average of $28.66. First Trust Small Cap Value AlphaDEX Fund has a twelve month low of $18.92 and a twelve month high of $38.43.

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