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

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 100 shares, a decline of 85.7% from the November 15th total of 700 shares. Based on an average daily volume of 3,200 shares, the days-to-cover ratio is presently 0.0 days.

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC increased its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 8,348.9% during the 3rd quarter. International Assets Investment Management LLC now owns 66,493 shares of the company’s stock valued at $5,618,000 after acquiring an additional 65,706 shares during the last quarter. Proactive Wealth Strategies LLC acquired a new position in First Trust Multi Cap Value AlphaDEX Fund during the third quarter worth approximately $669,000. Virtu Financial LLC raised its stake in First Trust Multi Cap Value AlphaDEX Fund by 218.9% during the third quarter. Virtu Financial LLC now owns 8,454 shares of the company’s stock worth $714,000 after purchasing an additional 5,803 shares during the period. PFG Investments LLC acquired a new position in shares of First Trust Multi Cap Value AlphaDEX Fund in the 2nd quarter valued at $356,000. Finally, Raymond James Trust N.A. grew its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 14.3% during the 2nd quarter. Raymond James Trust N.A. now owns 2,775 shares of the company’s stock valued at $219,000 after buying an additional 347 shares during the period.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

NASDAQ:FAB traded up $0.26 during trading hours on Wednesday, hitting $87.18. The company’s stock had a trading volume of 1,824 shares, compared to its average volume of 4,882. First Trust Multi Cap Value AlphaDEX Fund has a 52-week low of $73.85 and a 52-week high of $90.30. The business’s 50-day moving average is $85.99 and its two-hundred day moving average is $82.95. The company has a market capitalization of $143.84 million, a PE ratio of 11.93 and a beta of 1.22.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.4468 dividend. This is an increase from First Trust Multi Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.38. This represents a $1.79 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Thursday, September 26th.

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.