First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Update

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,800 shares, an increase of 100.0% from the March 31st total of 900 shares. Based on an average daily trading volume, of 4,200 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company's shares are sold short.

First Trust Multi Cap Value AlphaDEX Fund Trading Up 1.9 %

Shares of FAB stock traded up $1.40 on Friday, reaching $77.00. 3,092 shares of the company's stock were exchanged, compared to its average volume of 4,000. The company's fifty day simple moving average is $76.94 and its 200 day simple moving average is $82.04. The stock has a market capitalization of $111.65 million, a PE ratio of 12.61 and a beta of 1.22. First Trust Multi Cap Value AlphaDEX Fund has a 52 week low of $67.96 and a 52 week high of $90.30.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, March 27th.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter valued at approximately $4,963,000. LPL Financial LLC grew its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.4% during the 4th quarter. LPL Financial LLC now owns 48,376 shares of the company's stock worth $3,990,000 after buying an additional 1,581 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 26.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 25,592 shares of the company's stock valued at $2,111,000 after buying an additional 5,277 shares during the period. Stifel Financial Corp raised its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.2% in the fourth quarter. Stifel Financial Corp now owns 23,590 shares of the company's stock valued at $1,946,000 after acquiring an additional 730 shares in the last quarter. Finally, Citadel Advisors LLC lifted its stake in First Trust Multi Cap Value AlphaDEX Fund by 814.2% in the fourth quarter. Citadel Advisors LLC now owns 22,132 shares of the company's stock worth $1,825,000 after acquiring an additional 19,711 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.