Short Interest in First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Decreases By 92.6%

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 103 shares, a decrease of 92.6% from the April 15th total of 1,395 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,815 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new stake in First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter worth about $25,000. Anchor Investment Management LLC acquired a new stake in First Trust Multi Cap Value AlphaDEX Fund during the first quarter worth $33,000. Geneos Wealth Management Inc. increased its stake in First Trust Multi Cap Value AlphaDEX Fund by 155.3% during the second quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock worth $51,000 after acquiring an additional 382 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter valued at $53,000. Finally, Sound Income Strategies LLC purchased a new stake in First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter valued at $83,000.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

Shares of NASDAQ:FAB traded down $0.04 during midday trading on Tuesday, hitting $96.80. The company’s stock had a trading volume of 1,196 shares, compared to its average volume of 2,679. The company has a market cap of $135.51 million, a P/E ratio of 11.94 and a beta of 0.89. First Trust Multi Cap Value AlphaDEX Fund has a 12-month low of $77.20 and a 12-month high of $99.76. The business’s 50 day simple moving average is $96.11 and its 200 day simple moving average is $92.76.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

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

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.