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

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 100 shares, a drop of 50.0% from the October 15th total of 200 shares. Based on an average trading volume of 3,400 shares, the short-interest ratio is currently 0.0 days.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in First Trust Multi Cap Value AlphaDEX Fund during the 2nd quarter worth approximately $62,000. Raymond James Trust N.A. boosted its position in First Trust Multi Cap Value AlphaDEX Fund by 14.3% during the second quarter. Raymond James Trust N.A. now owns 2,775 shares of the company’s stock valued at $219,000 after purchasing an additional 347 shares during the last quarter. PFG Investments LLC bought a new position in First Trust Multi Cap Value AlphaDEX Fund in the second quarter valued at approximately $356,000. Proactive Wealth Strategies LLC acquired a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the 3rd quarter worth approximately $669,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 0.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 19,908 shares of the company’s stock worth $1,568,000 after purchasing an additional 171 shares in the last quarter.

First Trust Multi Cap Value AlphaDEX Fund Trading Down 0.1 %

NASDAQ FAB traded down $0.13 on Wednesday, reaching $87.26. The company’s stock had a trading volume of 1,462 shares, compared to its average volume of 4,942. First Trust Multi Cap Value AlphaDEX Fund has a 52 week low of $69.99 and a 52 week high of $88.41. The firm has a market cap of $143.98 million, a PE ratio of 11.93 and a beta of 1.22. The business has a 50-day moving average price of $84.02 and a 200 day moving average price of $81.89.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

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

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.