Short Interest in First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Declines By 39.5%

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 18,757 shares, a drop of 39.5% from the July 30th total of 30,996 shares. Based on an average daily trading volume, of 22,585 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.2% of the company’s shares are short sold.

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

Hedge funds have recently modified their holdings of the company. 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 position in First Trust Multi Cap Value AlphaDEX Fund in the 1st quarter valued at about $33,000. Hilton Head Capital Partners LLC purchased a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the 4th quarter valued at approximately $53,000. Geneos Wealth Management Inc. grew its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 155.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock valued at $51,000 after buying an additional 382 shares during the period. Finally, Centaurus Financial Inc. acquired a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund during the 1st quarter worth approximately $105,000.

First Trust Multi Cap Value AlphaDEX Fund Trading Down 0.6%

NASDAQ FAB traded down $0.59 on Monday, reaching $106.58. 2,790 shares of the company were exchanged, compared to its average volume of 7,166. The business’s fifty day moving average price is $104.65 and its 200 day moving average price is $99.77. The stock has a market capitalization of $170.52 million, a P/E ratio of 11.94 and a beta of 0.87. First Trust Multi Cap Value AlphaDEX Fund has a fifty-two week low of $83.76 and a fifty-two week high of $108.60.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

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

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.