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

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB – Get Free Report) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 60,306 shares, a growth of 42,072.0% from the June 30th total of 143 shares. Approximately 4.0% of the company’s stock are short sold. Based on an average daily volume of 26,760 shares, the short-interest ratio is presently 2.3 days.

First Trust Multi Cap Value AlphaDEX Fund Stock Up 1.4%

First Trust Multi Cap Value AlphaDEX Fund stock opened at $104.64 on Friday. First Trust Multi Cap Value AlphaDEX Fund has a 52-week low of $80.81 and a 52-week high of $105.82. The firm has a market cap of $162.20 million, a PE ratio of 11.94 and a beta of 0.88. The company’s 50 day moving average is $100.65 and its two-hundred day moving average is $97.43.

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First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC raised its position 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 purchasing an additional 164 shares in the last quarter. Citadel Advisors LLC boosted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 2.9% in the 3rd quarter. Citadel Advisors LLC now owns 6,278 shares of the company’s stock valued at $548,000 after buying an additional 179 shares during the period. Cetera Investment Advisers grew its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.1% during the fourth quarter. Cetera Investment Advisers now owns 6,638 shares of the company’s stock worth $592,000 after buying an additional 202 shares in the last quarter. PFG Investments LLC grew its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 6.3% during the fourth quarter. PFG Investments LLC now owns 4,343 shares of the company’s stock worth $387,000 after buying an additional 257 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter worth approximately $25,000.

About First Trust Multi Cap Value AlphaDEX Fund

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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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