First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Shares Shorted: Short Interest Down 90.0% in October

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 915 shares, a decrease of 90.0% from the September 30th total of 9,155 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 6,901 shares, the short-interest ratio is currently 0.1 days.

First Trust Multi Cap Value AlphaDEX Fund Trading Down 0.5%

Shares of NASDAQ:FAB traded down $0.52 on Wednesday, reaching $104.37. The company had a trading volume of 2,559 shares, compared to its average volume of 8,246. The firm has a market capitalization of $161.77 million, a PE ratio of 11.94 and a beta of 0.89. First Trust Multi Cap Value AlphaDEX Fund has a 52-week low of $83.76 and a 52-week high of $108.60. The firm’s 50 day simple moving average is $103.73 and its 200-day simple moving average is $99.83.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.5387 per share. The ex-dividend date of this dividend was Thursday, September 24th. This is an increase from First Trust Multi Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.3468. This represents a $2.15 dividend on an annualized basis and a yield of 2.1%.

Hedge Funds 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. Citadel Advisors LLC lifted its position in shares of 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 buying an additional 1,056 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 77.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,271 shares of the company’s stock worth $738,000 after buying an additional 3,182 shares during the last quarter. Avidian Wealth Enterprises LLC purchased a new position in shares of First Trust Multi Cap Value AlphaDEX Fund in the 3rd quarter worth approximately $725,000. Cetera Investment Advisers increased its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.4% during the first quarter. Cetera Investment Advisers now owns 6,867 shares of the company’s stock worth $649,000 after purchasing an additional 229 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in First Trust Multi Cap Value AlphaDEX Fund in the third quarter worth about $572,000.

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.