First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Shares Shorted: Short Interest Down 92.8% in September

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 173 shares, a decline of 92.8% from the August 31st total of 2,388 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 29,220 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 77.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,271 shares of the company’s stock valued at $738,000 after acquiring an additional 3,182 shares during the period. Citadel Advisors LLC increased its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.2% in the 2nd quarter. Citadel Advisors LLC now owns 34,195 shares of the company’s stock valued at $3,471,000 after purchasing an additional 1,056 shares in the last quarter. Centaurus Financial Inc. acquired a new position in First Trust Multi Cap Value AlphaDEX Fund in the 1st quarter worth about $105,000. Cetera Investment Advisers raised its holdings in First Trust Multi Cap Value AlphaDEX Fund by 3.4% in 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 during the period. Finally, Anchor Investment Management LLC purchased a new position in First Trust Multi Cap Value AlphaDEX Fund during the first quarter worth approximately $33,000.

First Trust Multi Cap Value AlphaDEX Fund Stock Down 0.9%

NASDAQ:FAB opened at $100.28 on Friday. First Trust Multi Cap Value AlphaDEX Fund has a 52 week low of $83.76 and a 52 week high of $108.60. The firm has a 50 day moving average of $105.68 and a 200 day moving average of $100.72. The stock has a market capitalization of $160.45 million, a price-to-earnings ratio of 11.94 and a beta of 0.87.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.5387 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.15 annualized dividend and a dividend yield of 2.1%. This is a boost from First Trust Multi Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.3468.

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.