Short Interest in First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Rises By 150.0%

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

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC raised its holdings in First Trust Multi Cap Value AlphaDEX Fund by 814.2% during the fourth quarter. Citadel Advisors LLC now owns 22,132 shares of the company’s stock worth $1,825,000 after purchasing an additional 19,711 shares during the last quarter. Stifel Financial Corp raised its holdings in First Trust Multi Cap Value AlphaDEX Fund by 3.2% during the fourth 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. Raymond James Financial Inc. acquired a new position in First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter worth $4,963,000. Envestnet Asset Management Inc. raised its holdings in First Trust Multi Cap Value AlphaDEX Fund by 95.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 5,754 shares of the company’s stock worth $475,000 after purchasing an additional 2,811 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in First Trust Multi Cap Value AlphaDEX Fund by 3.4% during the fourth quarter. LPL Financial LLC now owns 48,376 shares of the company’s stock worth $3,990,000 after purchasing an additional 1,581 shares during the last quarter.

First Trust Multi Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ:FAB traded up $0.75 during mid-day trading on Friday, reaching $82.31. 2,695 shares of the company were exchanged, compared to its average volume of 5,443. First Trust Multi Cap Value AlphaDEX Fund has a 1 year low of $77.10 and a 1 year high of $90.30. The firm has a market cap of $123.47 million, a price-to-earnings ratio of 12.29 and a beta of 1.20. The firm’s 50-day simple moving average is $83.43 and its 200 day simple moving average is $84.25.

First Trust Multi Cap Value AlphaDEX Fund Dividend Announcement

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