First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Update

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 30,996 shares, a decline of 48.6% from the July 15th total of 60,306 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily volume of 25,771 shares, the short-interest ratio is currently 1.2 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 206.2% during the 1st quarter. Jones Financial Companies Lllp now owns 7,848 shares of the company’s stock valued at $624,000 after acquiring an additional 5,285 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in First Trust Multi Cap Value AlphaDEX Fund by 29.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,394 shares of the company’s stock worth $113,000 after purchasing an additional 320 shares during the period. Raymond James Financial Inc. lifted its stake in First Trust Multi Cap Value AlphaDEX Fund by 3.4% during the second quarter. Raymond James Financial Inc. now owns 61,711 shares of the company’s stock worth $5,015,000 after purchasing an additional 2,053 shares during the period. Geneos Wealth Management Inc. boosted its holdings 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 valued at $51,000 after purchasing an additional 382 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in First Trust Multi Cap Value AlphaDEX Fund by 6.0% during the third quarter. Envestnet Asset Management Inc. now owns 5,441 shares of the company’s stock valued at $475,000 after purchasing an additional 309 shares in the last quarter.

First Trust Multi Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ FAB traded up $0.20 during trading hours on Friday, reaching $108.13. The stock had a trading volume of 10,518 shares, compared to its average volume of 7,090. The company has a market cap of $173.01 million, a price-to-earnings ratio of 11.94 and a beta of 0.87. First Trust Multi Cap Value AlphaDEX Fund has a twelve month low of $83.76 and a twelve month high of $108.23. The business’s fifty day moving average is $103.18 and its two-hundred day moving average is $98.89.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.3468 dividend. This represents a $1.39 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, June 25th.

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.