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 - Get Free Report) was the recipient of a significant growth in short interest in the month of 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 trading volume of 4,300 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter worth approximately $4,963,000. Citadel Advisors LLC increased its holdings in First Trust Multi Cap Value AlphaDEX Fund by 814.2% during the 4th quarter. Citadel Advisors LLC now owns 22,132 shares of the company's stock valued at $1,825,000 after purchasing an additional 19,711 shares in the last quarter. Virtu Financial LLC raised its position in First Trust Multi Cap Value AlphaDEX Fund by 218.9% in the 3rd quarter. Virtu Financial LLC now owns 8,454 shares of the company's stock valued at $714,000 after purchasing an additional 5,803 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in First Trust Multi Cap Value AlphaDEX Fund by 26.0% in the fourth 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 stake in shares of First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter worth $392,000.

First Trust Multi Cap Value AlphaDEX Fund Stock Down 6.3 %

First Trust Multi Cap Value AlphaDEX Fund stock traded down $5.04 during mid-day trading on Thursday, hitting $75.52. 1,170 shares of the company were exchanged, compared to its average volume of 4,236. The company has a market capitalization of $113.28 million, a PE ratio of 12.96 and a beta of 1.22. The business has a fifty day moving average of $81.88 and a 200 day moving average of $83.80. First Trust Multi Cap Value AlphaDEX Fund has a 1-year low of $75.52 and a 1-year high of $90.30.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

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

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.