First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Up 100.0% in April

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 1,800 shares, a growth of 100.0% from the March 31st total of 900 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 4,200 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On First Trust Multi Cap Value AlphaDEX Fund

Institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter valued at $82,000. Jones Financial Companies Lllp grew its stake in First Trust Multi Cap Value AlphaDEX Fund by 39.7% during the 4th quarter. Jones Financial Companies Lllp now owns 2,563 shares of the company’s stock worth $211,000 after purchasing an additional 728 shares in the last quarter. PFG Investments LLC grew its stake in First Trust Multi Cap Value AlphaDEX Fund by 10.8% during the 4th quarter. PFG Investments LLC now owns 4,348 shares of the company’s stock worth $359,000 after purchasing an additional 424 shares in the last quarter. Truist Financial Corp acquired a new position in First Trust Multi Cap Value AlphaDEX Fund during the 4th quarter worth $392,000. Finally, Stratos Wealth Partners LTD. grew its stake in First Trust Multi Cap Value AlphaDEX Fund by 3.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 5,539 shares of the company’s stock worth $457,000 after purchasing an additional 164 shares in the last quarter.

First Trust Multi Cap Value AlphaDEX Fund Trading Up 0.4 %

Shares of NASDAQ FAB opened at $75.58 on Tuesday. First Trust Multi Cap Value AlphaDEX Fund has a twelve month low of $67.96 and a twelve month high of $90.30. The stock has a fifty day simple moving average of $77.49 and a 200-day simple moving average of $82.29. The stock has a market capitalization of $109.59 million, a PE ratio of 12.61 and a beta of 1.22.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a $0.195 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.03%.

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.