First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Sees Significant Increase in Short Interest

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 600 shares, a growth of 20.0% from the February 13th total of 500 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 4,600 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Multi Cap Value AlphaDEX Fund Trading Up 1.0 %

NASDAQ:FAB traded up $0.77 during midday trading on Wednesday, hitting $80.47. 729 shares of the company were exchanged, compared to its average volume of 4,735. The company has a fifty day simple moving average of $82.69 and a 200 day simple moving average of $83.96. First Trust Multi Cap Value AlphaDEX Fund has a fifty-two week low of $77.03 and a fifty-two week high of $90.30. The company has a market capitalization of $128.75 million, a PE ratio of 12.96 and a beta of 1.22.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Stratos Wealth Partners LTD. raised its stake in First Trust Multi Cap Value AlphaDEX Fund by 3.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 5,539 shares of the company’s stock worth $457,000 after acquiring an additional 164 shares in the last quarter. PFG Investments LLC grew its position in First Trust Multi Cap Value AlphaDEX Fund by 10.8% during the 4th quarter. PFG Investments LLC now owns 4,348 shares of the company’s stock worth $359,000 after purchasing an additional 424 shares during the last quarter. Quad Cities Investment Group LLC grew its position in First Trust Multi Cap Value AlphaDEX Fund by 5.6% during the 4th quarter. Quad Cities Investment Group LLC now owns 9,064 shares of the company’s stock worth $748,000 after purchasing an additional 481 shares during the last quarter. Jones Financial Companies Lllp grew its position in First Trust Multi Cap Value AlphaDEX Fund by 39.7% during the 4th quarter. Jones Financial Companies Lllp now owns 2,563 shares of the company’s stock worth $211,000 after purchasing an additional 728 shares during the last quarter. Finally, Stifel Financial Corp grew its position in First Trust Multi Cap Value AlphaDEX Fund by 3.2% during the 4th quarter. Stifel Financial Corp now owns 23,590 shares of the company’s stock worth $1,946,000 after purchasing an additional 730 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.