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

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 30,996 shares, a decrease of 48.6% from the July 15th total of 60,306 shares. Based on an average daily volume of 25,771 shares, the short-interest ratio is currently 1.2 days. Approximately 1.9% of the shares of the company are sold short.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its holdings in First Trust Multi Cap Value AlphaDEX Fund by 206.2% during the first quarter. Jones Financial Companies Lllp now owns 7,848 shares of the company’s stock valued at $624,000 after purchasing an additional 5,285 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 29.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,394 shares of the company’s stock worth $113,000 after buying an additional 320 shares during the period. Raymond James Financial Inc. lifted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.4% during the 2nd quarter. Raymond James Financial Inc. now owns 61,711 shares of the company’s stock valued at $5,015,000 after buying an additional 2,053 shares in the last quarter. Geneos Wealth Management Inc. lifted 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 in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 6.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,441 shares of the company’s stock valued at $475,000 after acquiring an additional 309 shares during the period.

First Trust Multi Cap Value AlphaDEX Fund Price Performance

Shares of FAB traded up $0.02 on Tuesday, reaching $107.22. The company’s stock had a trading volume of 3,788 shares, compared to its average volume of 7,141. The stock’s 50 day simple moving average is $103.35 and its two-hundred day simple moving average is $99.02. The stock has a market capitalization of $171.55 million, a P/E ratio of 11.94 and a beta of 0.87. First Trust Multi Cap Value AlphaDEX Fund has a 12-month low of $83.76 and a 12-month high of $108.22.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

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