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

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 1,700 shares, a growth 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.

Institutional Investors Weigh In On First Trust Multi Cap Value AlphaDEX Fund

Several hedge funds have recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter valued at $82,000. Stratos Wealth Partners LTD. boosted 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 worth $457,000 after buying an additional 164 shares during the last quarter. PFG Investments LLC boosted its stake in 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. Quad Cities Investment Group LLC grew its holdings in First Trust Multi Cap Value AlphaDEX Fund by 5.6% in the 4th quarter. Quad Cities Investment Group LLC now owns 9,064 shares of the company’s stock valued at $748,000 after buying an additional 481 shares during the period. Finally, Virtu Financial LLC increased its stake 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 valued at $714,000 after acquiring an additional 5,803 shares during the last quarter.

First Trust Multi Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ FAB opened at $85.12 on Wednesday. The firm’s 50-day moving average is $85.08 and its two-hundred day moving average is $84.07. First Trust Multi Cap Value AlphaDEX Fund has a 12-month low of $74.99 and a 12-month high of $90.30. The company has a market capitalization of $136.19 million, a PE ratio of 11.93 and a beta of 1.22.

First Trust Multi Cap Value AlphaDEX Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.577 dividend. The ex-dividend date was Friday, December 13th.

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.