First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Update

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 200 shares, a decline of 33.3% from the September 30th total of 300 shares. Based on an average trading volume of 3,700 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Multi Cap Value AlphaDEX Fund Stock Down 0.7 %

Shares of NASDAQ:FAB traded down $0.59 during midday trading on Friday, reaching $83.25. The company’s stock had a trading volume of 2,350 shares, compared to its average volume of 5,167. The firm has a market capitalization of $137.36 million, a P/E ratio of 11.93 and a beta of 1.22. First Trust Multi Cap Value AlphaDEX Fund has a 12-month low of $65.54 and a 12-month high of $86.12. The firm has a 50 day moving average of $83.55 and a 200-day moving average of $81.30.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.4468 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.79 annualized dividend and a dividend yield of 2.15%. This is a boost from First Trust Multi Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.38.

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in First Trust Multi Cap Value AlphaDEX Fund by 8,348.9% in the third quarter. International Assets Investment Management LLC now owns 66,493 shares of the company’s stock valued at $5,618,000 after buying an additional 65,706 shares during the last quarter. PFG Investments LLC acquired a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the second quarter worth approximately $356,000. Commonwealth Equity Services LLC boosted its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 0.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 19,908 shares of the company’s stock worth $1,568,000 after purchasing an additional 171 shares during the last quarter. Finally, Raymond James Trust N.A. raised its position in First Trust Multi Cap Value AlphaDEX Fund by 14.3% in the second quarter. Raymond James Trust N.A. now owns 2,775 shares of the company’s stock valued at $219,000 after purchasing an additional 347 shares during the period.

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.