First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Down 39.5% in August

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 18,757 shares, a drop of 39.5% from the July 30th total of 30,996 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 22,585 shares, the short-interest ratio is presently 0.8 days.

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

A number of large investors have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter worth approximately $25,000. Anchor Investment Management LLC acquired a new position in First Trust Multi Cap Value AlphaDEX Fund in the 1st quarter valued at approximately $33,000. Geneos Wealth Management Inc. increased its stake in First Trust Multi Cap Value AlphaDEX Fund by 155.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock valued at $51,000 after buying an additional 382 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in First Trust Multi Cap Value AlphaDEX Fund in the 4th quarter worth approximately $53,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund during the 1st quarter valued at $105,000.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

NASDAQ:FAB traded up $1.15 during trading hours on Wednesday, hitting $107.22. 146,765 shares of the company’s stock traded hands, compared to its average volume of 8,074. The firm has a market cap of $171.54 million, a P/E ratio of 11.94 and a beta of 0.87. First Trust Multi Cap Value AlphaDEX Fund has a twelve month low of $83.76 and a twelve month high of $108.60. The stock’s fifty day moving average price is $104.91 and its two-hundred day moving average price is $99.89.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.3468 per share. This represents a $1.39 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend 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.