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

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 143 shares, a growth of 320.6% from the June 15th total of 34 shares. Based on an average daily volume of 1,512 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

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

Several hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the 4th quarter valued at about $25,000. Anchor Investment Management LLC acquired a new stake in First Trust Multi Cap Value AlphaDEX Fund during the first quarter valued at approximately $33,000. Hilton Head Capital Partners LLC bought a new position in First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter worth $53,000. Geneos Wealth Management Inc. grew its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 155.3% during 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 last quarter. Finally, Sound Income Strategies LLC bought a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the 4th quarter worth approximately $83,000.

First Trust Multi Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ:FAB traded down $0.42 on Tuesday, reaching $102.41. The company’s stock had a trading volume of 2,829 shares, compared to its average volume of 3,808. The stock has a market capitalization of $138.25 million, a P/E ratio of 11.94 and a beta of 0.88. The stock’s 50-day moving average is $99.46 and its two-hundred day moving average is $96.60. First Trust Multi Cap Value AlphaDEX Fund has a 52-week low of $80.81 and a 52-week high of $103.50.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.3468 per share. This represents a $1.39 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date 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.