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 target of a large growth in short interest in March. As of March 15th, there was short interest totalling 900 shares, a growth of 50.0% from the February 28th total of 600 shares. Based on an average daily trading volume, of 4,300 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

FAB stock traded down $1.25 during midday trading on Friday, reaching $78.99. 1,416 shares of the company’s stock traded hands, compared to its average volume of 4,424. First Trust Multi Cap Value AlphaDEX Fund has a 52 week low of $77.03 and a 52 week high of $90.30. The company has a 50-day moving average price of $82.21 and a two-hundred day moving average price of $83.84. The firm has a market capitalization of $126.38 million, a PE ratio of 12.96 and a beta of 1.22.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.99%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter valued at about $4,963,000. Citadel Advisors LLC grew its stake in First Trust Multi Cap Value AlphaDEX Fund by 814.2% during the fourth quarter. Citadel Advisors LLC now owns 22,132 shares of the company’s stock valued at $1,825,000 after acquiring an additional 19,711 shares in the last quarter. Virtu Financial LLC increased its holdings in First Trust Multi Cap Value AlphaDEX Fund by 218.9% during the 3rd quarter. Virtu Financial LLC now owns 8,454 shares of the company’s stock worth $714,000 after acquiring an additional 5,803 shares during the period. Commonwealth Equity Services LLC lifted its stake in First Trust Multi Cap Value AlphaDEX Fund by 26.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 25,592 shares of the company’s stock worth $2,111,000 after purchasing an additional 5,277 shares in the last quarter. Finally, Truist Financial Corp bought a new position in First Trust Multi Cap Value AlphaDEX Fund in the 4th quarter valued at $392,000.

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.