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

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 34 shares, a decline of 57.0% from the May 31st total of 79 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,204 shares, the short-interest ratio is presently 0.0 days.

First Trust Multi Cap Value AlphaDEX Fund Price Performance

NASDAQ FAB traded up $0.50 during trading hours on Wednesday, reaching $102.00. The company’s stock had a trading volume of 709 shares, compared to its average volume of 2,363. First Trust Multi Cap Value AlphaDEX Fund has a 52 week low of $80.81 and a 52 week high of $102.64. The stock has a market cap of $142.80 million, a P/E ratio of 11.94 and a beta of 0.88. The firm has a fifty day simple moving average of $98.85 and a 200-day simple moving average of $95.83.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.3468 dividend. This represents a $1.39 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Thursday, June 25th.

Institutional Investors 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. Jones Financial Companies Lllp lifted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 206.2% in the first quarter. Jones Financial Companies Lllp now owns 7,848 shares of the company’s stock worth $624,000 after acquiring an additional 5,285 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Multi Cap Value AlphaDEX Fund by 29.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,394 shares of the company’s stock worth $113,000 after purchasing an additional 320 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.4% in the 2nd quarter. Raymond James Financial Inc. now owns 61,711 shares of the company’s stock worth $5,015,000 after purchasing an additional 2,053 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 155.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock worth $51,000 after purchasing an additional 382 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 6.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,441 shares of the company’s stock valued at $475,000 after purchasing an additional 309 shares during the last quarter.

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.