First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Update

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 79 shares, a decline of 70.1% from the May 14th total of 264 shares. Based on an average trading volume of 2,010 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

First Trust Multi Cap Value AlphaDEX Fund Trading Up 0.4%

Shares of FAB stock traded up $0.43 during mid-day trading on Thursday, reaching $100.06. The stock had a trading volume of 546 shares, compared to its average volume of 2,478. The stock’s 50-day moving average price is $97.59 and its two-hundred day moving average price is $94.63. First Trust Multi Cap Value AlphaDEX Fund has a 52-week low of $79.54 and a 52-week high of $100.63. The firm has a market capitalization of $140.09 million, a PE ratio of 11.94 and a beta of 0.88.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.3634 dividend. The ex-dividend date was Thursday, March 26th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.5%.

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

Several hedge funds and other institutional investors have recently modified their holdings of FAB. International Assets Investment Management LLC purchased a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter valued at about $25,000. Anchor Investment Management LLC purchased a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the first quarter valued at about $33,000. Geneos Wealth Management Inc. increased its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 155.3% during the second quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock valued at $51,000 after buying an additional 382 shares during the period. Hilton Head Capital Partners LLC purchased a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter valued at about $53,000. Finally, Sound Income Strategies LLC purchased a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter valued at about $83,000.

About First Trust Multi Cap Value AlphaDEX Fund

The First Trust Multi Cap Value AlphaDEX Fund (FAB) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Multi Cap Value index. The fund tracks an index that uses fundamental factors to select and weight value stocks from the Nasdaq US Select Indices. FAB was launched on May 8, 2007 and is managed by First Trust.