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

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) saw a significant growth in short interest in the month of 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 trading volume of 3,200 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Multi Cap Value AlphaDEX Fund Trading Up 0.3 %

Shares of FAB traded up $0.22 during mid-day trading on Thursday, reaching $82.97. 1,647 shares of the stock traded hands, compared to its average volume of 4,819. The company has a market cap of $136.90 million, a price-to-earnings 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. The firm has a fifty day moving average price of $85.79 and a 200 day moving average price of $83.19.

First Trust Multi Cap Value AlphaDEX Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.577 dividend. The ex-dividend date of this dividend is Friday, December 13th.

Hedge Funds Weigh In On First Trust Multi Cap Value AlphaDEX Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of FAB. International Assets Investment Management LLC boosted its stake in First Trust Multi Cap Value AlphaDEX Fund by 8,348.9% in the third quarter. International Assets Investment Management LLC now owns 66,493 shares of the company’s stock worth $5,618,000 after buying an additional 65,706 shares in the last quarter. Proactive Wealth Strategies LLC purchased a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the 3rd quarter valued at $669,000. Virtu Financial LLC boosted its stake in shares of 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 purchasing an additional 5,803 shares in the last quarter. PFG Investments LLC bought a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the 2nd quarter valued at $356,000. Finally, Raymond James Trust N.A. lifted its stake in 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 worth $219,000 after purchasing an additional 347 shares during the last quarter.

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.