First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Down 48.6% in July

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 30,996 shares, a decrease of 48.6% from the July 15th total of 60,306 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 25,771 shares, the days-to-cover ratio is presently 1.2 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in FAB. Raymond James Financial Inc. boosted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 0.7% in the 3rd quarter. Raymond James Financial Inc. now owns 62,143 shares of the company’s stock worth $5,423,000 after purchasing an additional 432 shares in the last quarter. LPL Financial LLC grew its stake in shares of 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 worth $4,072,000 after buying an additional 164 shares during the last quarter. Osaic Holdings Inc. increased its position in First Trust Multi Cap Value AlphaDEX Fund by 10.4% during the 4th 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 in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in First Trust Multi Cap Value AlphaDEX Fund by 2,590.1% during the 4th 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 in the last quarter. Finally, 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.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

Shares of First Trust Multi Cap Value AlphaDEX Fund stock traded down $0.97 during trading on Monday, hitting $107.20. The company’s stock had a trading volume of 18,678 shares, compared to its average volume of 7,164. First Trust Multi Cap Value AlphaDEX Fund has a 52 week low of $83.76 and a 52 week high of $108.22. The company has a market capitalization of $171.52 million, a PE ratio of 11.94 and a beta of 0.87. The company has a fifty day simple moving average of $103.18 and a two-hundred day simple moving average of $98.92.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.3468 dividend. This represents a $1.39 dividend on an annualized basis and a 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.