First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Down 94.1% in May

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

First Trust Multi Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ FAB traded down $0.20 during mid-day trading on Monday, hitting $78.21. 2,816 shares of the company's stock traded hands, compared to its average volume of 3,607. The company's 50-day moving average is $76.35 and its two-hundred day moving average is $81.11. The company has a market capitalization of $113.40 million, a P/E ratio of 12.75 and a beta of 1.22. First Trust Multi Cap Value AlphaDEX Fund has a 1 year low of $67.96 and a 1 year high of $90.30.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Thursday, March 27th.

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. raised its position in First Trust Multi Cap Value AlphaDEX Fund by 3.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 5,539 shares of the company's stock worth $457,000 after purchasing an additional 164 shares during the period. PFG Investments LLC raised its position 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 purchasing an additional 424 shares during the period. PFG Advisors raised its position in First Trust Multi Cap Value AlphaDEX Fund by 3.3% in the 1st quarter. PFG Advisors now owns 15,425 shares of the company's stock worth $1,226,000 after purchasing an additional 490 shares during the period. Jones Financial Companies Lllp raised its position in First Trust Multi Cap Value AlphaDEX Fund by 39.7% in the 4th quarter. Jones Financial Companies Lllp now owns 2,563 shares of the company's stock worth $211,000 after purchasing an additional 728 shares during the period. Finally, Stifel Financial Corp raised its position in First Trust Multi Cap Value AlphaDEX Fund by 3.2% in the 4th quarter. Stifel Financial Corp now owns 23,590 shares of the company's stock worth $1,946,000 after purchasing an additional 730 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.