First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Stock Short Interest Rises 5,191.9%

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 9,155 shares, an increase of 5,191.9% from the September 15th total of 173 shares. Based on an average trading volume of 10,205 shares, the short-interest ratio is presently 0.9 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

Institutional investors have recently bought and sold shares of the business. Anchor Investment Management LLC purchased a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the 1st quarter valued at approximately $33,000. Centaurus Financial Inc. purchased a new position in First Trust Multi Cap Value AlphaDEX Fund during the first quarter valued at $105,000. Kestra Advisory Services LLC grew its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 25.5% in the first quarter. Kestra Advisory Services LLC now owns 2,341 shares of the company’s stock valued at $221,000 after purchasing an additional 475 shares during the period. Cetera Investment Advisers increased its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.4% during the first quarter. Cetera Investment Advisers now owns 6,867 shares of the company’s stock worth $649,000 after purchasing an additional 229 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 77.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,271 shares of the company’s stock worth $738,000 after purchasing an additional 3,182 shares during the last quarter.

First Trust Multi Cap Value AlphaDEX Fund Stock Down 0.3%

NASDAQ:FAB opened at $100.68 on Friday. First Trust Multi Cap Value AlphaDEX Fund has a 52 week low of $83.76 and a 52 week high of $108.60. The stock has a market capitalization of $156.05 million, a PE ratio of 11.94 and a beta of 0.89. The stock’s 50-day moving average price is $104.60 and its 200-day moving average price is $101.16.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.5387 per share. This is an increase from First Trust Multi Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.3468. This represents a $2.15 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Thursday, September 24th.

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.