Short Interest in First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Increases By 600.0%

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 700 shares, an increase of 600.0% from the October 31st total of 100 shares. Based on an average daily volume of 2,900 shares, the short-interest ratio is presently 0.2 days.

First Trust Multi Cap Value AlphaDEX Fund Trading Up 0.2 %

NASDAQ:FAB traded up $0.22 on Friday, reaching $89.74. The stock had a trading volume of 611 shares, compared to its average volume of 4,919. The company has a 50-day moving average of $85.25 and a 200 day moving average of $82.50. The stock has a market cap of $148.07 million, a P/E ratio of 11.93 and a beta of 1.22. First Trust Multi Cap Value AlphaDEX Fund has a 12-month low of $71.42 and a 12-month high of $90.30.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.4468 dividend. This is a boost from First Trust Multi Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.38. This represents a $1.79 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, September 26th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its position in 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 buying an additional 171 shares during the last quarter. Raymond James Trust N.A. lifted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 14.3% during the second quarter. Raymond James Trust N.A. now owns 2,775 shares of the company’s stock worth $219,000 after purchasing an additional 347 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the second quarter worth about $62,000. PFG Investments LLC bought a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the second quarter worth about $356,000. Finally, Virtu Financial LLC lifted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 218.9% during the third quarter. Virtu Financial LLC now owns 8,454 shares of the company’s stock worth $714,000 after purchasing an additional 5,803 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.