Short Interest in First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Expands By 2,400.0%

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 2,500 shares, an increase of 2,400.0% from the June 30th total of 100 shares. Based on an average daily trading volume, of 6,200 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FAB. Raymond James Trust N.A. grew its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 14.3% in the second quarter. Raymond James Trust N.A. now owns 2,775 shares of the company’s stock worth $219,000 after purchasing an additional 347 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter worth $423,000. NBC Securities Inc. grew its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 14.3% in the fourth quarter. NBC Securities Inc. now owns 8,530 shares of the company’s stock worth $665,000 after purchasing an additional 1,068 shares in the last quarter. Quad Cities Investment Group LLC grew its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 2.2% in the first quarter. Quad Cities Investment Group LLC now owns 9,030 shares of the company’s stock worth $746,000 after purchasing an additional 194 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 2.0% in the first quarter. Commonwealth Equity Services LLC now owns 19,737 shares of the company’s stock worth $1,631,000 after purchasing an additional 380 shares in the last quarter.

First Trust Multi Cap Value AlphaDEX Fund Price Performance

Shares of FAB opened at $83.19 on Friday. First Trust Multi Cap Value AlphaDEX Fund has a 12 month low of $65.54 and a 12 month high of $84.63. The company has a market cap of $145.58 million, a P/E ratio of 11.93 and a beta of 1.22. The stock has a fifty day moving average price of $79.91 and a 200 day moving average price of $79.04.

First Trust Multi Cap Value AlphaDEX Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.3815 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.53 annualized dividend and a dividend yield of 1.83%.

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.