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

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 100 shares, a decrease of 50.0% from the October 15th total of 200 shares. Based on an average trading volume of 3,400 shares, the short-interest ratio is currently 0.0 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Proactive Wealth Strategies LLC purchased a new position in First Trust Multi Cap Value AlphaDEX Fund in the 3rd quarter valued at $669,000. International Assets Investment Management LLC lifted its stake in shares of 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 worth $5,618,000 after buying an additional 65,706 shares in the last quarter. PFG Investments LLC purchased a new position in shares of First Trust Multi Cap Value AlphaDEX Fund in the second quarter worth about $356,000. Commonwealth Equity Services LLC grew its stake in 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 valued at $1,568,000 after acquiring an additional 171 shares in the last quarter. Finally, Raymond James Trust N.A. raised its holdings in First Trust Multi Cap Value AlphaDEX Fund by 14.3% in the 2nd quarter. Raymond James Trust N.A. now owns 2,775 shares of the company’s stock valued at $219,000 after acquiring an additional 347 shares during the last quarter.

First Trust Multi Cap Value AlphaDEX Fund Price Performance

FAB stock traded down $0.13 during mid-day trading on Wednesday, reaching $87.26. 1,462 shares of the company’s stock were exchanged, compared to its average volume of 4,942. The company has a market cap of $143.98 million, a price-to-earnings ratio of 11.93 and a beta of 1.22. First Trust Multi Cap Value AlphaDEX Fund has a 12-month low of $69.99 and a 12-month high of $88.41. The stock’s 50 day moving average is $84.02 and its 200 day moving average is $81.89.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.4468 dividend. This represents a $1.79 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust Multi Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.38.

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.