The number of short equity positions in the First Trust Small Cap Value AlphaDEX Fund (NASDAQ: FYT) increased significantly in December. There were a total of 1,300 shares shorted as of December 15, an increase of 8.3% compared to the total of 1,200 shares sold short the previous month. Currently, his average daily trading volume in the market is 34,700 of his shares, which when used to calculate the Short Term Interest Rate Ratio is 0.0 days. This ratio is calculated based on your data.
The NASDAQ FYT market opened Tuesday with a price of $45.02 per security. Prices for the First Trust Small Cap Value AlphaDEX Fund ranged from a low of $40.43 to a high of $54.74 last year. The stock has a 50-day moving average of $46.04 and a 200-day moving average of $45.64.
The recent trading activity in FYT stock has been attributed to hedge funds and institutional investors. First Trust Advisors LP put approximately $5,156,000 into the First Trust Small Cap Value AlphaDEX Fund in the first quarter, higher than last quarter. UBS Group AG’s First Trust Small Cap Value AlphaDEX fund holdings increased by 124.4% in the first three months of the year due to continued purchases by investment firms. After purchasing an additional 65,221 shares in the most recent quarter, UBS Group AG now owns a total of 117,655 shares in the company with a market value of $6,011,000. These shares were acquired to bring the total number of shares owned by the company up to 117,655. Additionally, Atria Wealth Solutions, Inc. invested a total of approximately $2,895,000 in the First Trust Small Cap Value AlphaDEX fund during the first three months of 2018. Kingsview Wealth Management LLC increased its holdings in the First Trust Small Cap Value AlphaDEX Fund in the second quarter. By purchasing additional shares for approximately $2,163,000. These shares were purchased from other investors.
Finally, in the third quarter, Royal Bank of Canada increased its share of First Trust Small Cap Value AlphaDEX Funds owned by 48.4%. This certainly should not be considered the least important development. After acquiring an additional 37,427 shares during the previous quarter, the Royal Bank of Canada now holds 114,707 shares in the company. The total value of these 114,707 shares is $4,646,000, equivalent to the bank’s total holdings.
The company also announced its quarterly dividend, which was paid on the Friday after December 30 (December 30). On December 27, dividend checks for $0.246 were sent to shareholders of record as having ownership. On Friday, December 23rd, shareholders had to submit their dividends to the company until midnight to avoid late fees. This ultimately gives him a yield of 2.19% and an annual dividend payout of $0.98. This is an increase from the previous quarterly dividend of $0.16 paid to shareholders by the First Trust Small Cap Value AlphaDEX Fund.
