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

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 900 shares, an increase of 50.0% from the February 28th total of 600 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 4,300 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Multi Cap Value AlphaDEX Fund Trading Down 1.6 %

Shares of NASDAQ FAB traded down $1.25 during midday trading on Friday, hitting $78.99. 1,416 shares of the company’s stock were exchanged, compared to its average volume of 4,424. The business’s fifty day moving average price is $82.21 and its two-hundred day moving average price is $83.84. The company has a market cap of $126.38 million, a price-to-earnings ratio of 12.96 and a beta of 1.22. First Trust Multi Cap Value AlphaDEX Fund has a 12-month low of $77.03 and a 12-month high of $90.30.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.78 annualized dividend and a yield of 0.99%.

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

A number of institutional investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC bought a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund during the 4th quarter worth $82,000. Jones Financial Companies Lllp raised its position in First Trust Multi Cap Value AlphaDEX Fund by 39.7% during the fourth quarter. Jones Financial Companies Lllp now owns 2,563 shares of the company’s stock valued at $211,000 after purchasing an additional 728 shares in the last quarter. PFG Investments LLC raised its position in First Trust Multi Cap Value AlphaDEX Fund by 10.8% during the fourth quarter. PFG Investments LLC now owns 4,348 shares of the company’s stock valued at $359,000 after purchasing an additional 424 shares in the last quarter. Truist Financial Corp bought a new stake in First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter worth about $392,000. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 5,539 shares of the company’s stock worth $457,000 after purchasing an additional 164 shares in the last quarter.

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.