Short Interest in First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Drops By 57.0%

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 34 shares, a drop of 57.0% from the May 31st total of 79 shares. Based on an average trading volume of 1,204 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in First Trust Multi Cap Value AlphaDEX Fund in the 4th quarter valued at about $25,000. Anchor Investment Management LLC acquired a new stake in First Trust Multi Cap Value AlphaDEX Fund in the 1st quarter worth about $33,000. Geneos Wealth Management Inc. increased its stake in First Trust Multi Cap Value AlphaDEX Fund by 155.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock worth $51,000 after buying an additional 382 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in First Trust Multi Cap Value AlphaDEX Fund during the 4th quarter worth approximately $53,000. Finally, Sound Income Strategies LLC purchased a new stake in First Trust Multi Cap Value AlphaDEX Fund during the 4th quarter worth approximately $83,000.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

Shares of NASDAQ FAB opened at $102.14 on Monday. The firm has a fifty day moving average of $98.71 and a 200 day moving average of $95.66. The firm has a market cap of $143.00 million, a PE ratio of 11.94 and a beta of 0.88. First Trust Multi Cap Value AlphaDEX Fund has a one year low of $80.81 and a one year high of $102.34.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a $0.3468 dividend. The ex-dividend date is Thursday, June 25th. This represents a $1.39 annualized dividend and a dividend yield of 1.4%.

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.