First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Up 156.3% in May

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. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 2,090 shares, the short-interest ratio is currently 0.1 days.

First Trust Multi Cap Value AlphaDEX Fund Price Performance

First Trust Multi Cap Value AlphaDEX Fund stock traded down $0.14 during trading hours on Friday, reaching $98.64. The company had a trading volume of 1,099 shares, compared to its average volume of 2,589. The company has a 50-day moving average price of $96.72 and a 200 day moving average price of $93.81. The firm has a market cap of $138.10 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 $77.92 and a 12-month high of $99.76.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

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

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

A number of large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. increased its stake in First Trust Multi Cap Value AlphaDEX Fund by 0.7% in the 3rd quarter. Raymond James Financial Inc. now owns 62,143 shares of the company’s stock worth $5,423,000 after purchasing an additional 432 shares during the period. LPL Financial LLC increased its stake in First Trust Multi Cap Value AlphaDEX Fund by 0.4% in the 4th quarter. LPL Financial LLC now owns 45,669 shares of the company’s stock worth $4,072,000 after purchasing an additional 164 shares during the period. Osaic Holdings Inc. increased its stake in First Trust Multi Cap Value AlphaDEX Fund by 10.4% in the 4th quarter. Osaic Holdings Inc. now owns 42,940 shares of the company’s stock worth $3,828,000 after purchasing an additional 4,048 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in First Trust Multi Cap Value AlphaDEX Fund by 2,590.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 21,548 shares of the company’s stock worth $1,921,000 after purchasing an additional 20,747 shares during the period. Finally, PFG Advisors increased its stake in First Trust Multi Cap Value AlphaDEX Fund by 2.2% in the 3rd quarter. PFG Advisors now owns 15,525 shares of the company’s stock worth $1,355,000 after purchasing an additional 340 shares during the period.

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.