First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Up 50.0% in March

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 900 shares, an increase of 50.0% from the February 28th total of 600 shares. Based on an average daily trading volume, of 4,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

First Trust Multi Cap Value AlphaDEX Fund Stock Up 0.3 %

Shares of FAB stock traded up $0.23 during trading on Monday, reaching $79.22. 570 shares of the company’s stock were exchanged, compared to its average volume of 4,359. The stock has a market capitalization of $126.75 million, a PE ratio of 12.96 and a beta of 1.22. First Trust Multi Cap Value AlphaDEX Fund has a twelve month low of $77.03 and a twelve month high of $90.30. The firm’s fifty day moving average price is $82.21 and its 200-day moving average price is $83.86.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.98%. The ex-dividend date is Thursday, March 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the 4th quarter worth $82,000. Jones Financial Companies Lllp lifted its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 39.7% in the fourth quarter. Jones Financial Companies Lllp now owns 2,563 shares of the company’s stock worth $211,000 after acquiring an additional 728 shares during the last quarter. PFG Investments LLC boosted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 10.8% in the 4th quarter. PFG Investments LLC now owns 4,348 shares of the company’s stock valued at $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 approximately $392,000. Finally, Stratos Wealth Partners LTD. lifted its stake in First Trust Multi Cap Value AlphaDEX Fund by 3.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 5,539 shares of the company’s stock valued at $457,000 after purchasing an additional 164 shares during the last quarter.

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.