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

Key Points

• Short interest in FAB fell 39.5% to 18,757 shares as of August 14, representing 1.2% of shares outstanding and a short-interest ratio of 0.8 days.
• Several institutional investors increased their positions, including Northwestern Mutual Wealth Management, which boosted its stake by 2,590.1%, and Jones Financial Companies, which raised holdings by 206.2%.
• FAB shares recently declined 0.6% to $106.58, while the fund paid a quarterly dividend of $0.3468, equivalent to a 1.3% annualized yield.

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - ) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 18,757 shares, a drop of 39.5% from the July 30th total of 30,996 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average trading volume of 22,585 shares, the short-interest ratio is currently 0.8 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FAB. Raymond James Financial Inc. boosted its position in First Trust Multi Cap Value AlphaDEX Fund by 0.7% during the third quarter. Raymond James Financial Inc. now owns 62,143 shares of the company's stock worth $5,423,000 after acquiring an additional 432 shares during the last quarter. LPL Financial LLC raised its holdings in 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 valued at $4,072,000 after acquiring an additional 164 shares during the last quarter. Osaic Holdings Inc. lifted its stake in First Trust Multi Cap Value AlphaDEX Fund by 10.4% in the 4th quarter. Osaic Holdings Inc. now owns 42,940 shares of the company's stock worth $3,828,000 after purchasing an additional 4,048 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in First Trust Multi Cap Value AlphaDEX Fund by 2,590.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 21,548 shares of the company's stock worth $1,921,000 after purchasing an additional 20,747 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 206.2% during the 1st quarter. Jones Financial Companies Lllp now owns 7,848 shares of the company's stock worth $624,000 after purchasing an additional 5,285 shares during the last quarter.

First Trust Multi Cap Value AlphaDEX Fund Stock Down 0.6%

Shares of First Trust Multi Cap Value AlphaDEX Fund stock traded down $0.59 on Monday, reaching $106.58. 2,790 shares of the stock were exchanged, compared to its average volume of 7,166. The business has a 50 day moving average price of $104.65 and a two-hundred day moving average price of $99.77. The firm has a market capitalization of $170.52 million, a price-to-earnings ratio of 11.94 and a beta of 0.87. First Trust Multi Cap Value AlphaDEX Fund has a twelve month low of $83.76 and a twelve month high of $108.60.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

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

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.

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