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) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 79 shares, a drop of 70.1% from the May 14th total of 264 shares. Based on an average trading volume of 2,010 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

First Trust Multi Cap Value AlphaDEX Fund Trading Up 0.8%

Shares of NASDAQ:FAB traded up $0.80 on Friday, reaching $101.51. The company had a trading volume of 668 shares, compared to its average volume of 2,465. First Trust Multi Cap Value AlphaDEX Fund has a 52-week low of $79.54 and a 52-week high of $101.54. The firm’s 50 day simple moving average is $97.86 and its 200-day simple moving average is $94.78. The firm has a market capitalization of $142.12 million, a PE ratio of 11.94 and a beta of 0.88.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new position in First Trust Multi Cap Value AlphaDEX Fund during the 4th quarter worth $25,000. Anchor Investment Management LLC purchased a new position in First Trust Multi Cap Value AlphaDEX Fund during the 1st quarter worth $33,000. Geneos Wealth Management Inc. grew its stake in First Trust Multi Cap Value AlphaDEX Fund by 155.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock worth $51,000 after buying an additional 382 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new position in First Trust Multi Cap Value AlphaDEX Fund during the 4th quarter worth $53,000. Finally, Sound Income Strategies LLC purchased a new position in First Trust Multi Cap Value AlphaDEX Fund during the 4th quarter worth $83,000.

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.