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 target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 18,757 shares, a decline of 39.5% from the July 30th total of 30,996 shares. Based on an average daily volume of 22,585 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust Multi Cap Value AlphaDEX Fund

A number of institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Multi Cap Value AlphaDEX Fund by 2,590.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 21,548 shares of the company’s stock valued at $1,921,000 after acquiring an additional 20,747 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 206.2% in the first quarter. Jones Financial Companies Lllp now owns 7,848 shares of the company’s stock worth $624,000 after acquiring an additional 5,285 shares during the period. Osaic Holdings Inc. grew its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 10.4% during the fourth quarter. Osaic Holdings Inc. now owns 42,940 shares of the company’s stock worth $3,828,000 after purchasing an additional 4,048 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund during the third quarter worth about $229,000. Finally, Moors & Cabot Inc. bought a new stake in First Trust Multi Cap Value AlphaDEX Fund during the 4th quarter valued at approximately $201,000.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

Shares of FAB traded down $0.47 during mid-day trading on Tuesday, reaching $106.07. The stock had a trading volume of 15,671 shares, compared to its average volume of 7,292. The business has a fifty day moving average of $104.79 and a 200 day moving average of $99.83. The firm has a market cap of $169.71 million, a price-to-earnings 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 $108.60.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.3468 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 1.3%.

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.