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

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 264 shares, a growth of 156.3% from the April 30th total of 103 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 2,090 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Multi Cap Value AlphaDEX Fund Stock Up 0.1%

FAB stock traded up $0.07 during trading on Monday, hitting $98.62. The company had a trading volume of 202 shares, compared to its average volume of 2,565. The firm has a market cap of $138.07 million, a PE ratio of 11.94 and a beta of 0.89. First Trust Multi Cap Value AlphaDEX Fund has a 1-year low of $77.92 and a 1-year high of $99.76. The firm has a 50-day moving average price of $96.72 and a 200-day moving average price of $93.86.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

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

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

Several institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its position in First Trust Multi Cap Value AlphaDEX Fund by 206.2% during the 1st quarter. Jones Financial Companies Lllp now owns 7,848 shares of the company’s stock worth $624,000 after purchasing an additional 5,285 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 29.8% during 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. Raymond James Financial Inc. grew its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.4% during the 2nd quarter. Raymond James Financial Inc. now owns 61,711 shares of the company’s stock worth $5,015,000 after purchasing an additional 2,053 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of 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 purchasing an additional 382 shares during the period. Finally, Truist Financial Corp grew its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 19.8% during the 3rd quarter. Truist Financial Corp now owns 5,231 shares of the company’s stock worth $457,000 after purchasing an additional 865 shares during the period.

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.