First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Up 156.3% in May

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 264 shares, an increase of 156.3% from the April 30th total of 103 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 2,090 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

Shares of First Trust Multi Cap Value AlphaDEX Fund stock traded down $0.14 during midday trading on Friday, reaching $98.64. 1,099 shares of the company’s stock traded hands, compared to its average volume of 2,589. The company has a market cap of $138.10 million, a PE ratio of 11.94 and a beta of 0.89. The stock has a 50 day moving average of $96.72 and a 200-day moving average of $93.81. First Trust Multi Cap Value AlphaDEX Fund has a 12 month low of $77.92 and a 12 month high of $99.76.

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 issued a dividend of $0.3634 per share. This represents a $1.45 dividend on an annualized basis 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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the third quarter valued at approximately $229,000. Kestra Advisory Services LLC bought a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter valued at approximately $166,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 valued at $113,000 after acquiring an additional 320 shares in the last quarter. Cetera Investment Advisers raised its holdings 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 valued at $649,000 after acquiring an additional 229 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter valued at approximately $53,000.

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.