Short Interest in First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Drops By 85.7%

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 100 shares, a decrease of 85.7% from the November 15th total of 700 shares. Based on an average daily volume of 3,200 shares, the days-to-cover 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 FAB. Commonwealth Equity Services LLC lifted its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 0.9% in the second quarter. Commonwealth Equity Services LLC now owns 19,908 shares of the company’s stock worth $1,568,000 after acquiring an additional 171 shares during the last quarter. Raymond James Trust N.A. boosted 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 buying an additional 347 shares in the last quarter. International Assets Investment Management LLC bought a new stake in First Trust Multi Cap Value AlphaDEX Fund during the 2nd quarter worth $62,000. PFG Investments LLC acquired a new position in First Trust Multi Cap Value AlphaDEX Fund in the 2nd quarter worth about $356,000. Finally, Virtu Financial LLC raised its position in First Trust Multi Cap Value AlphaDEX Fund by 218.9% in the third quarter. Virtu Financial LLC now owns 8,454 shares of the company’s stock valued at $714,000 after purchasing an additional 5,803 shares during the last quarter.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

NASDAQ:FAB traded up $0.26 during mid-day trading on Wednesday, hitting $87.18. The stock had a trading volume of 1,824 shares, compared to its average volume of 4,882. First Trust Multi Cap Value AlphaDEX Fund has a twelve month low of $73.85 and a twelve month high of $90.30. The stock has a market cap of $143.84 million, a price-to-earnings ratio of 11.93 and a beta of 1.22. The company’s 50 day simple moving average is $85.99 and its 200 day simple moving average is $82.95.

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 paid a $0.4468 dividend. This is a boost from First Trust Multi Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.38. This represents a $1.79 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Thursday, September 26th.

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.