First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Up 156.3% in May

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB – Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 264 shares, an increase of 156.3% from the April 30th total of 103 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,090 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FAB. Northwestern Mutual Wealth Management Co. raised its stake in First Trust Multi Cap Value AlphaDEX Fund by 2,590.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 21,548 shares of the company’s stock valued at $1,921,000 after buying an additional 20,747 shares during the last quarter. Jones Financial Companies Lllp raised its stake in First Trust Multi Cap Value AlphaDEX Fund by 206.2% during the first quarter. Jones Financial Companies Lllp now owns 7,848 shares of the company’s stock valued at $624,000 after buying an additional 5,285 shares during the last quarter. Osaic Holdings Inc. raised its stake in First Trust Multi Cap Value AlphaDEX Fund by 10.4% during the fourth quarter. Osaic Holdings Inc. now owns 42,940 shares of the company’s stock valued at $3,828,000 after buying an additional 4,048 shares during the last quarter. Virtu Financial LLC purchased a new position in First Trust Multi Cap Value AlphaDEX Fund during the third quarter valued at $229,000. Finally, GPS Wealth Strategies Group LLC raised its stake in First Trust Multi Cap Value AlphaDEX Fund by 3,607.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 2,410 shares of the company’s stock valued at $210,000 after buying an additional 2,345 shares during the last quarter.

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First Trust Multi Cap Value AlphaDEX Fund Stock Performance

Shares of FAB traded down $0.14 on Friday, reaching $98.64. The stock had a trading volume of 1,099 shares, compared to its average volume of 2,589. The firm has a market capitalization of $138.10 million, a price-to-earnings ratio of 11.94 and a beta of 0.89. The company has a 50-day simple moving average of $96.72 and a 200-day simple moving average of $93.86. First Trust Multi Cap Value AlphaDEX Fund has a 12-month low of $77.92 and a 12-month high of $99.76.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.3634 dividend. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, March 26th.

First Trust Multi Cap Value AlphaDEX Fund Company Profile

(Get Free Report)

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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