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

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 500 shares, a growth of 150.0% from the January 31st total of 200 shares. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FAB. Golden State Wealth Management LLC acquired a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter valued at approximately $82,000. Jones Financial Companies Lllp grew its stake in First Trust Multi Cap Value AlphaDEX Fund by 39.7% in the 4th quarter. Jones Financial Companies Lllp now owns 2,563 shares of the company’s stock worth $211,000 after acquiring an additional 728 shares during the period. PFG Investments LLC grew its stake 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 worth $359,000 after acquiring an additional 424 shares during the period. Truist Financial Corp acquired a new position in shares of First Trust Multi Cap Value AlphaDEX Fund in the 4th quarter valued at $392,000. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.1% in the 4th 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 during the last quarter.

First Trust Multi Cap Value AlphaDEX Fund Trading Up 0.9 %

Shares of FAB opened at $82.31 on Friday. The firm’s 50-day moving average is $83.42 and its two-hundred day moving average is $84.20. First Trust Multi Cap Value AlphaDEX Fund has a twelve month low of $77.10 and a twelve month high of $90.30. The firm has a market capitalization of $131.70 million, a P/E ratio of 11.93 and a beta of 1.22.

First Trust Multi Cap Value AlphaDEX Fund Dividend Announcement

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