Short Interest in First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Grows By 42,072.0%

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 60,306 shares, a growth of 42,072.0% from the June 30th total of 143 shares. Currently, 4.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 26,760 shares, the short-interest ratio is currently 2.3 days.

Hedge Funds Weigh In On First Trust Multi Cap Value AlphaDEX Fund

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. grew its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 0.7% in the 3rd quarter. Raymond James Financial Inc. now owns 62,143 shares of the company’s stock worth $5,423,000 after buying an additional 432 shares in the last quarter. LPL Financial LLC increased its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 0.4% in the 4th quarter. LPL Financial LLC now owns 45,669 shares of the company’s stock worth $4,072,000 after buying an additional 164 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 10.4% during the 4th quarter. Osaic Holdings Inc. now owns 42,940 shares of the company’s stock valued at $3,828,000 after buying an additional 4,048 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position 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 valued at $1,921,000 after buying an additional 20,747 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 206.2% in the 1st quarter. Jones Financial Companies Lllp now owns 7,848 shares of the company’s stock valued at $624,000 after acquiring an additional 5,285 shares during the last quarter.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

NASDAQ:FAB traded up $1.45 during trading hours on Friday, reaching $104.64. The stock had a trading volume of 6,224 shares, compared to its average volume of 5,666. The stock has a market capitalization of $156.97 million, a PE 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 $105.82. The company has a 50 day moving average price of $100.46 and a two-hundred day moving average price of $97.38.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.3468 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 1.3%.

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.