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 large growth in short interest during the month of February. As of February 28th, there was short interest totalling 600 shares, a growth of 20.0% from the February 13th total of 500 shares. Based on an average daily volume of 4,600 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter valued at about $4,963,000. LPL Financial LLC boosted its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.4% in the fourth quarter. LPL Financial LLC now owns 48,376 shares of the company’s stock valued at $3,990,000 after acquiring an additional 1,581 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 26.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 25,592 shares of the company’s stock valued at $2,111,000 after acquiring an additional 5,277 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.2% in the fourth quarter. Stifel Financial Corp now owns 23,590 shares of the company’s stock valued at $1,946,000 after acquiring an additional 730 shares in the last quarter. Finally, Citadel Advisors LLC boosted its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 814.2% in the fourth quarter. Citadel Advisors LLC now owns 22,132 shares of the company’s stock valued at $1,825,000 after acquiring an additional 19,711 shares in the last quarter.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

First Trust Multi Cap Value AlphaDEX Fund stock traded up $0.77 during midday trading on Wednesday, hitting $80.47. 729 shares of the company’s stock were exchanged, compared to its average volume of 4,735. The stock has a market cap of $128.75 million, a price-to-earnings ratio of 12.96 and a beta of 1.22. The firm’s 50 day simple moving average is $82.69 and its 200 day simple moving average is $83.96. First Trust Multi Cap Value AlphaDEX Fund has a 12-month low of $77.03 and a 12-month high of $90.30.

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.