First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Stock Short Interest Drops 90.0%

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 915 shares, a decrease of 90.0% from the September 30th total of 9,155 shares. Based on an average trading volume of 6,901 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC grew its position in First Trust Multi Cap Value AlphaDEX Fund by 3.2% during the second quarter. Citadel Advisors LLC now owns 34,195 shares of the company’s stock worth $3,471,000 after buying an additional 1,056 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in 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 acquiring an additional 3,182 shares during the period. Avidian Wealth Enterprises LLC acquired a new position in First Trust Multi Cap Value AlphaDEX Fund in the 3rd quarter valued at $725,000. Cetera Investment Advisers raised its holdings in First Trust Multi Cap Value AlphaDEX Fund by 3.4% in the 1st quarter. Cetera Investment Advisers now owns 6,867 shares of the company’s stock valued at $649,000 after acquiring an additional 229 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 25.5% during the 1st quarter. Kestra Advisory Services LLC now owns 2,341 shares of the company’s stock valued at $221,000 after acquiring an additional 475 shares during the period.

First Trust Multi Cap Value AlphaDEX Fund Stock Down 0.0%

Shares of NASDAQ FAB traded down $0.03 during midday trading on Monday, hitting $105.13. 729 shares of the company’s stock were exchanged, compared to its average volume of 8,301. First Trust Multi Cap Value AlphaDEX Fund has a 12 month low of $83.76 and a 12 month high of $108.60. The company’s 50 day moving average price is $103.82 and its 200 day moving average price is $101.81. The firm has a market capitalization of $162.95 million, a PE ratio of 11.94 and a beta of 0.89.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.5387 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is a boost 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 dividend yield of 2.0%.

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.