First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Shares Shorted: Short Interest Down 92.8% in September

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 173 shares, a decrease of 92.8% from the August 31st total of 2,388 shares. Based on an average daily volume of 29,220 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

First Trust Multi Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ:FAB traded down $0.96 during trading on Thursday, reaching $100.28. 3,364 shares of the stock were exchanged, compared to its average volume of 8,465. First Trust Multi Cap Value AlphaDEX Fund has a 1-year low of $83.76 and a 1-year high of $108.60. The stock has a fifty day moving average of $105.68 and a two-hundred day moving average of $100.72. The firm has a market cap of $160.45 million, a price-to-earnings ratio of 11.94 and a beta of 0.87.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be paid a $0.5387 dividend. This represents a $2.15 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 24th. This is a positive change from First Trust Multi Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.3468.

Institutional Investors Weigh In On First Trust Multi Cap Value AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FAB. Northwestern Mutual Wealth Management Co. increased its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 2,590.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 21,548 shares of the company’s stock worth $1,921,000 after purchasing an additional 20,747 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in First Trust Multi Cap Value AlphaDEX Fund by 77.8% in the second quarter. Envestnet Asset Management Inc. now owns 7,271 shares of the company’s stock valued at $738,000 after purchasing an additional 3,182 shares during the last quarter. Moors & Cabot Inc. purchased a new position in First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter valued at approximately $201,000. Centaurus Financial Inc. bought a new position in First Trust Multi Cap Value AlphaDEX Fund during the first quarter valued at $105,000. Finally, Citadel Advisors LLC grew its holdings in First Trust Multi Cap Value AlphaDEX Fund by 3.2% during the second quarter. Citadel Advisors LLC now owns 34,195 shares of the company’s stock valued at $3,471,000 after purchasing an additional 1,056 shares during the period.

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.