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

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - Get Free Report) saw a large decline in short interest in May. As of May 15th, there was short interest totalling 100 shares, a decline of 94.1% from the April 30th total of 1,700 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 2,600 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FAB. NBC Securities Inc. boosted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 108,544.4% during the 1st quarter. NBC Securities Inc. now owns 9,778 shares of the company's stock valued at $777,000 after acquiring an additional 9,769 shares during the last quarter. Citadel Advisors LLC raised its stake in First Trust Multi Cap Value AlphaDEX Fund by 814.2% during the fourth quarter. Citadel Advisors LLC now owns 22,132 shares of the company's stock valued at $1,825,000 after purchasing an additional 19,711 shares in the last quarter. Stifel Financial Corp raised its stake in First Trust Multi Cap Value AlphaDEX Fund by 3.2% during the fourth quarter. Stifel Financial Corp now owns 23,590 shares of the company's stock valued at $1,946,000 after purchasing an additional 730 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in First Trust Multi Cap Value AlphaDEX Fund by 95.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 5,754 shares of the company's stock valued at $475,000 after purchasing an additional 2,811 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter valued at $4,963,000.

First Trust Multi Cap Value AlphaDEX Fund Price Performance

Shares of FAB stock traded down $0.50 during mid-day trading on Friday, hitting $78.41. The company had a trading volume of 91 shares, compared to its average volume of 3,650. The stock's 50 day moving average price is $76.40 and its 200-day moving average price is $81.24. First Trust Multi Cap Value AlphaDEX Fund has a 52-week low of $67.96 and a 52-week high of $90.30. The company has a market capitalization of $113.69 million, a P/E ratio of 12.75 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. Shareholders of record on Thursday, March 27th were paid a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.99%. The ex-dividend date was Thursday, March 27th.

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.