First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Sees Significant Decrease in Short Interest

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 34 shares, a decline of 57.0% from the May 31st total of 79 shares. Based on an average daily trading volume, of 1,204 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Centaurus Financial Inc. acquired a new position in shares of First Trust Multi Cap Value AlphaDEX Fund in the 1st quarter worth approximately $105,000. Cetera Investment Advisers increased its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.4% during the first quarter. Cetera Investment Advisers now owns 6,867 shares of the company’s stock worth $649,000 after buying an additional 229 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund during the first quarter worth $33,000. Kestra Advisory Services LLC raised its stake in First Trust Multi Cap Value AlphaDEX Fund by 25.5% during the first quarter. Kestra Advisory Services LLC now owns 2,341 shares of the company’s stock worth $221,000 after buying an additional 475 shares during the last quarter. Finally, Virtu Financial LLC raised its stake in First Trust Multi Cap Value AlphaDEX Fund by 29.0% during the fourth quarter. Virtu Financial LLC now owns 3,391 shares of the company’s stock worth $302,000 after buying an additional 762 shares during the last quarter.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

Shares of FAB stock traded down $0.27 on Tuesday, hitting $101.69. The company had a trading volume of 599 shares, compared to its average volume of 2,376. The firm has a market cap of $142.37 million, a P/E ratio of 11.94 and a beta of 0.88. The stock’s 50-day moving average is $98.79 and its two-hundred day moving average is $95.76. First Trust Multi Cap Value AlphaDEX Fund has a twelve month low of $80.81 and a twelve month high of $102.64.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be issued a $0.3468 dividend. The ex-dividend date is Thursday, June 25th. This represents a $1.39 annualized dividend and a yield of 1.4%.

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.