First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Sees Large Decline in Short Interest

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 915 shares, a decrease of 90.0% from the September 30th total of 9,155 shares. Based on an average daily volume of 6,901 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

NASDAQ FAB traded down $0.51 on Tuesday, reaching $104.70. 2,260 shares of the stock traded hands, compared to its average volume of 8,271. The company has a fifty day moving average price of $103.77 and a 200-day moving average price of $99.76. The company has a market cap of $162.29 million, a price-to-earnings ratio of 11.94 and a beta of 0.89. First Trust Multi Cap Value AlphaDEX Fund has a 12 month low of $83.76 and a 12 month high of $108.60.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

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

Institutional Investors Weigh In On First Trust Multi Cap Value AlphaDEX Fund

Hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers lifted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.4% in the first quarter. Cetera Investment Advisers now owns 6,867 shares of the company’s stock worth $649,000 after acquiring an additional 229 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in First Trust Multi Cap Value AlphaDEX Fund during the 1st quarter worth approximately $33,000. Kestra Advisory Services LLC raised its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 25.5% in the 1st quarter. Kestra Advisory Services LLC now owns 2,341 shares of the company’s stock valued at $221,000 after purchasing an additional 475 shares in the last quarter. Citadel Advisors LLC raised its position 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. Finally, Centaurus Financial Inc. purchased a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the 1st quarter valued at approximately $105,000.

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.