First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Update

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 60,306 shares, a growth of 42,072.0% from the June 30th total of 143 shares. Approximately 4.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 26,760 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Centaurus Financial Inc. bought a new stake in First Trust Multi Cap Value AlphaDEX Fund during the 1st quarter worth $105,000. Cetera Investment Advisers raised its position in First Trust Multi Cap Value AlphaDEX Fund by 3.4% in the first quarter. Cetera Investment Advisers now owns 6,867 shares of the company’s stock valued at $649,000 after purchasing an additional 229 shares during the last quarter. Anchor Investment Management LLC bought a new position in First Trust Multi Cap Value AlphaDEX Fund in the first quarter valued at about $33,000. Kestra Advisory Services LLC boosted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 25.5% during the first quarter. Kestra Advisory Services LLC now owns 2,341 shares of the company’s stock valued at $221,000 after purchasing an additional 475 shares in the last quarter. Finally, Virtu Financial LLC boosted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 29.0% during the fourth quarter. Virtu Financial LLC now owns 3,391 shares of the company’s stock valued at $302,000 after purchasing an additional 762 shares in the last quarter.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

FAB opened at $104.64 on Friday. The firm has a market cap of $162.20 million, a P/E ratio of 11.94 and a beta of 0.88. First Trust Multi Cap Value AlphaDEX Fund has a 52-week low of $80.81 and a 52-week high of $105.82. The business’s fifty day moving average is $100.65 and its 200-day moving average is $97.43.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.3468 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.39 annualized dividend and a dividend yield of 1.3%.

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.