Short Interest in First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Decreases By 92.6%

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 103 shares, a decline of 92.6% from the April 15th total of 1,395 shares. Based on an average trading volume of 1,815 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

Shares of FAB traded down $1.01 during trading hours on Monday, hitting $96.79. The stock had a trading volume of 2,980 shares, compared to its average volume of 2,696. The firm has a 50-day moving average price of $96.11 and a 200 day moving average price of $92.76. First Trust Multi Cap Value AlphaDEX Fund has a fifty-two week low of $77.20 and a fifty-two week high of $99.76. The firm has a market capitalization of $135.50 million, a price-to-earnings ratio of 11.94 and a beta of 0.89.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.3634 dividend. This represents a $1.45 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, March 26th.

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

Several large investors have recently made changes to their positions in the company. LPL Financial LLC lifted its stake in shares of 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 valued at $4,072,000 after purchasing an additional 164 shares during the period. Citadel Advisors LLC lifted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 2.9% in the 3rd quarter. Citadel Advisors LLC now owns 6,278 shares of the company’s stock valued at $548,000 after purchasing an additional 179 shares during the period. Cetera Investment Advisers lifted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.1% in the 4th quarter. Cetera Investment Advisers now owns 6,638 shares of the company’s stock valued at $592,000 after purchasing an additional 202 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 6.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,017 shares of the company’s stock valued at $351,000 after purchasing an additional 230 shares during the period. Finally, PFG Investments LLC lifted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 6.3% in the 4th quarter. PFG Investments LLC now owns 4,343 shares of the company’s stock valued at $387,000 after purchasing an additional 257 shares during the period.

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.