Short Interest in First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Grows By 320.6%

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 143 shares, a growth of 320.6% from the June 15th total of 34 shares. Based on an average daily trading volume, of 1,512 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

Shares of NASDAQ:FAB traded up $0.65 during mid-day trading on Friday, hitting $102.14. 32,944 shares of the company traded hands, compared to its average volume of 3,714. The firm has a market cap of $137.89 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 $103.06. The firm’s 50 day simple moving average is $99.38 and its 200 day simple moving average is $96.46.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.3468 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.39 annualized dividend and a yield of 1.4%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in First Trust Multi Cap Value AlphaDEX Fund during the 4th quarter valued at $25,000. Anchor Investment Management LLC purchased a new stake in First Trust Multi Cap Value AlphaDEX Fund during the 1st quarter worth $33,000. Geneos Wealth Management Inc. increased its stake in First Trust Multi Cap Value AlphaDEX Fund by 155.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock worth $51,000 after buying an additional 382 shares during the period. Hilton Head Capital Partners LLC acquired a new position in First Trust Multi Cap Value AlphaDEX Fund in the 4th quarter worth $53,000. Finally, Sound Income Strategies LLC acquired a new position in First Trust Multi Cap Value AlphaDEX Fund in the 4th quarter worth $83,000.

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.