Short Interest in First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Increases By 466.7%

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 1,700 shares, an increase of 466.7% from the December 31st total of 300 shares. Based on an average trading volume of 3,400 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Multi Cap Value AlphaDEX Fund Stock Down 1.0 %

Shares of NASDAQ FAB traded down $0.89 during midday trading on Tuesday, hitting $85.12. The stock had a trading volume of 1,621 shares, compared to its average volume of 3,313. The business’s 50 day moving average is $85.08 and its 200-day moving average is $84.07. First Trust Multi Cap Value AlphaDEX Fund has a 52 week low of $74.99 and a 52 week high of $90.30. The company has a market cap of $136.19 million, a P/E ratio of 11.93 and a beta of 1.22.

First Trust Multi Cap Value AlphaDEX Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.577 per share. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC grew its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 8,348.9% during the third quarter. International Assets Investment Management LLC now owns 66,493 shares of the company’s stock worth $5,618,000 after purchasing an additional 65,706 shares in the last quarter. Proactive Wealth Strategies LLC purchased a new position in First Trust Multi Cap Value AlphaDEX Fund during the 3rd quarter valued at approximately $669,000. Virtu Financial LLC raised its holdings in shares of 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 in the last quarter. Quad Cities Investment Group LLC lifted its position in First Trust Multi Cap Value AlphaDEX Fund by 5.6% during the fourth quarter. Quad Cities Investment Group LLC now owns 9,064 shares of the company’s stock valued at $748,000 after purchasing an additional 481 shares during the last quarter. Finally, PFG Investments LLC increased its holdings 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 worth $359,000 after buying an additional 424 shares during the last quarter.

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.