First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Update

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

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 0.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 19,908 shares of the company’s stock valued at $1,568,000 after acquiring an additional 171 shares during the last quarter. Quad Cities Investment Group LLC lifted its stake in shares of 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 acquiring an additional 481 shares during the last quarter. Virtu Financial LLC lifted its stake in shares of 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 acquiring an additional 5,803 shares during the last quarter. Proactive Wealth Strategies LLC bought a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the 3rd quarter valued at about $669,000. Finally, International Assets Investment Management LLC lifted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 8,348.9% in the 3rd quarter. International Assets Investment Management LLC now owns 66,493 shares of the company’s stock valued at $5,618,000 after acquiring an additional 65,706 shares during the last quarter.

First Trust Multi Cap Value AlphaDEX Fund Trading Up 1.0 %

Shares of FAB traded up $0.81 during midday trading on Wednesday, reaching $84.10. The stock had a trading volume of 1,944 shares, compared to its average volume of 4,453. The company’s 50-day moving average is $85.47 and its 200 day moving average is $83.60. First Trust Multi Cap Value AlphaDEX Fund has a 12-month low of $74.49 and a 12-month high of $90.30. The company has a market capitalization of $134.56 million, a price-to-earnings ratio of 11.93 and a beta of 1.22.

First Trust Multi Cap Value AlphaDEX Fund Dividend Announcement

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

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.