First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Up 100.0% in April

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,800 shares, a growth of 100.0% from the March 31st total of 900 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 4,200 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

A number of institutional investors and hedge funds have recently bought and sold shares of FAB. Virtu Financial LLC increased its stake in First Trust Multi Cap Value AlphaDEX Fund by 218.9% during the third quarter. Virtu Financial LLC now owns 8,454 shares of the company’s stock worth $714,000 after purchasing an additional 5,803 shares during the period. Quad Cities Investment Group LLC increased its stake in First Trust Multi Cap Value AlphaDEX Fund by 5.6% during the fourth quarter. Quad Cities Investment Group LLC now owns 9,064 shares of the company’s stock worth $748,000 after purchasing an additional 481 shares during the period. PFG Investments LLC increased its stake 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 worth $359,000 after purchasing an additional 424 shares during the period. Stratos Wealth Partners LTD. increased its stake in First Trust Multi Cap Value AlphaDEX Fund by 3.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 5,539 shares of the company’s stock worth $457,000 after purchasing an additional 164 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter worth about $82,000.

First Trust Multi Cap Value AlphaDEX Fund Price Performance

NASDAQ FAB opened at $75.57 on Thursday. The firm’s 50-day moving average is $77.19 and its two-hundred day moving average is $82.20. First Trust Multi Cap Value AlphaDEX Fund has a 12 month low of $67.96 and a 12 month high of $90.30. The stock has a market capitalization of $109.58 million, a P/E ratio of 12.61 and a beta of 1.22.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.78 dividend on an annualized basis and a yield of 1.03%.

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.