Short Interest in First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Rises By 200.0%

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 300 shares, a growth of 200.0% from the November 30th total of 100 shares. Based on an average daily volume of 3,200 shares, the short-interest ratio is currently 0.1 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in FAB. International Assets Investment Management LLC acquired a new position in First Trust Multi Cap Value AlphaDEX Fund during the 2nd quarter worth $62,000. Raymond James Trust N.A. increased its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 14.3% in the second quarter. Raymond James Trust N.A. now owns 2,775 shares of the company’s stock valued at $219,000 after purchasing an additional 347 shares during the period. PFG Investments LLC bought a new stake in First Trust Multi Cap Value AlphaDEX Fund during the 2nd quarter valued at $356,000. Proactive Wealth Strategies LLC acquired a new position in First Trust Multi Cap Value AlphaDEX Fund during the 3rd quarter valued at about $669,000. Finally, Virtu Financial LLC raised its holdings in 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 in the last quarter.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

NASDAQ:FAB traded down $0.61 during mid-day trading on Friday, hitting $82.36. 2,224 shares of the company’s stock traded hands, compared to its average volume of 4,809. The firm’s 50 day simple moving average is $85.73 and its 200 day simple moving average is $83.21. The company has a market cap of $135.89 million, a PE ratio of 11.93 and a beta of 1.22. First Trust Multi Cap Value AlphaDEX Fund has a 1 year low of $74.49 and a 1 year high of $90.30.

First Trust Multi Cap Value AlphaDEX Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.577 dividend. The ex-dividend date of this dividend is 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.