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

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 143 shares, an increase of 320.6% from the June 15th total of 34 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,512 shares, the days-to-cover ratio is presently 0.1 days.

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

Several large investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter worth $166,000. Northwestern Mutual Wealth Management Co. boosted its stake in First Trust Multi Cap Value AlphaDEX Fund by 29.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,394 shares of the company’s stock worth $113,000 after purchasing an additional 320 shares during the period. Geneos Wealth Management Inc. boosted its stake in First Trust Multi Cap Value AlphaDEX Fund by 155.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock worth $51,000 after purchasing an additional 382 shares during the period. Cetera Investment Advisers increased its holdings in First Trust Multi Cap Value AlphaDEX Fund by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 6,867 shares of the company’s stock worth $649,000 after purchasing an additional 229 shares in the last quarter. Finally, Centaurus Financial Inc. bought a new position in First Trust Multi Cap Value AlphaDEX Fund during the 1st quarter worth about $105,000.

First Trust Multi Cap Value AlphaDEX Fund Trading Up 0.8%

Shares of NASDAQ:FAB traded up $0.77 during trading on Monday, hitting $102.91. 18,979 shares of the company’s stock traded hands, compared to its average volume of 3,830. The company has a 50-day moving average price of $99.46 and a 200-day moving average price of $96.60. First Trust Multi Cap Value AlphaDEX Fund has a 52 week low of $80.81 and a 52 week high of $103.50. The company has a market cap of $138.93 million, a price-to-earnings ratio of 11.94 and a beta of 0.88.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.3468 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.39 dividend on an annualized basis and a yield of 1.3%.

First Trust Multi Cap Value AlphaDEX Fund Company Profile

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.