First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Sees Large Growth in Short Interest

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - Get Free Report) was the recipient of a large increase in short interest in 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 volume of 4,200 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company's stock are short sold.

First Trust Multi Cap Value AlphaDEX Fund Trading Up 1.9 %

First Trust Multi Cap Value AlphaDEX Fund stock traded up $1.40 during mid-day trading on Friday, hitting $77.00. The company had a trading volume of 3,092 shares, compared to its average volume of 4,000. First Trust Multi Cap Value AlphaDEX Fund has a 12 month low of $67.96 and a 12 month high of $90.30. The stock's 50 day moving average price is $77.05 and its two-hundred day moving average price is $82.14. The company 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 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 dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Thursday, March 27th.

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

Hedge funds have recently made changes to their positions in the business. Golden State Wealth Management LLC purchased a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund during the 4th quarter valued at about $82,000. Jones Financial Companies Lllp boosted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 39.7% during the fourth quarter. Jones Financial Companies Lllp now owns 2,563 shares of the company's stock valued at $211,000 after purchasing an additional 728 shares during the period. PFG Investments LLC increased its stake in First Trust Multi Cap Value AlphaDEX Fund by 10.8% in the 4th quarter. PFG Investments LLC now owns 4,348 shares of the company's stock worth $359,000 after buying an additional 424 shares during the period. Truist Financial Corp purchased a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter worth approximately $392,000. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 5,539 shares of the company's stock valued at $457,000 after purchasing an additional 164 shares during the period.

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.