Short Interest in First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Decreases By 35.0%

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FABGet Rating) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totalling 18,400 shares, a decrease of 35.0% from the April 15th total of 28,300 shares. Based on an average daily trading volume, of 16,600 shares, the short-interest ratio is presently 1.1 days.

Shares of FAB opened at $70.87 on Friday. The firm has a 50-day moving average price of $73.56 and a 200 day moving average price of $74.00. First Trust Multi Cap Value AlphaDEX Fund has a 52-week low of $67.73 and a 52-week high of $77.77.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, March 28th were given a $0.21 dividend. The ex-dividend date was Friday, March 25th. This represents a $0.84 dividend on an annualized basis and a yield of 1.19%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 52.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the company’s stock valued at $115,000 after purchasing an additional 525 shares in the last quarter. Financial Advisors Network Inc. bought a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the 3rd quarter valued at about $207,000. Stratos Wealth Partners LTD. bought a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the 4th quarter valued at about $238,000. Envestnet Asset Management Inc. bought a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the 1st quarter valued at about $240,000. Finally, Pacific Sun Financial Corp bought a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the 3rd quarter valued at about $318,000.

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