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

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the recipient of a significant 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 daily volume of 3,400 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

A number of institutional investors have recently bought and sold shares of FAB. Stratos Wealth Partners LTD. grew its stake in First Trust Multi Cap Value AlphaDEX Fund by 3.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 5,539 shares of the company’s stock valued at $457,000 after purchasing an additional 164 shares in the last quarter. PFG Investments LLC boosted its holdings 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 valued at $359,000 after purchasing an additional 424 shares during the period. Quad Cities Investment Group LLC increased its stake 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 acquiring an additional 481 shares during the period. Golden State Wealth Management LLC bought a new position in shares of First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter worth $82,000. Finally, Virtu Financial LLC increased its holdings in 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 buying an additional 5,803 shares during the period.

First Trust Multi Cap Value AlphaDEX Fund Price Performance

NASDAQ:FAB opened at $84.88 on Thursday. First Trust Multi Cap Value AlphaDEX Fund has a one year low of $74.99 and a one year high of $90.30. The stock has a market cap of $135.81 million, a P/E ratio of 11.93 and a beta of 1.22. The company has a fifty day moving average price of $85.05 and a 200 day moving average price of $84.07.

First Trust Multi Cap Value AlphaDEX Fund Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.577 per share. 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.