First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Down 70.1% in May

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 79 shares, a decrease of 70.1% from the May 14th total of 264 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 2,010 shares, the short-interest ratio is currently 0.0 days.

First Trust Multi Cap Value AlphaDEX Fund Stock Up 0.8%

Shares of FAB stock traded up $0.80 during trading hours on Friday, hitting $101.51. 668 shares of the company were exchanged, compared to its average volume of 2,465. The firm has a market cap of $142.12 million, a PE ratio of 11.94 and a beta of 0.88. First Trust Multi Cap Value AlphaDEX Fund has a 1 year low of $79.54 and a 1 year high of $101.54. The firm has a fifty day moving average of $97.86 and a 200 day moving average of $94.78.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.3634 dividend. The ex-dividend date was Thursday, March 26th. This represents a $1.45 annualized dividend and a yield of 1.4%.

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

Large investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter valued at approximately $25,000. Anchor Investment Management LLC acquired a new stake in First Trust Multi Cap Value AlphaDEX Fund in the first quarter valued at approximately $33,000. Hilton Head Capital Partners LLC acquired a new stake in First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter valued at approximately $53,000. Geneos Wealth Management Inc. grew its position in First Trust Multi Cap Value AlphaDEX Fund by 155.3% in the second quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock valued at $51,000 after acquiring an additional 382 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter valued at approximately $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.