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

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a large growth in short interest in 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 volume of 5,000 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Multi Cap Value AlphaDEX Fund Price Performance

FAB opened at $82.31 on Friday. The firm has a market capitalization of $131.70 million, a price-to-earnings ratio of 11.93 and a beta of 1.22. The company’s 50 day simple moving average is $83.42 and its two-hundred day simple moving average is $84.20. First Trust Multi Cap Value AlphaDEX Fund has a 1-year low of $77.10 and a 1-year high of $90.30.

First Trust Multi Cap Value AlphaDEX Fund Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.577 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

Several institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC raised its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 814.2% during the 4th quarter. Citadel Advisors LLC now owns 22,132 shares of the company’s stock valued at $1,825,000 after buying an additional 19,711 shares during the period. Stifel Financial Corp grew its stake 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 worth $1,946,000 after acquiring an additional 730 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter worth $4,963,000. Envestnet Asset Management Inc. grew its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 95.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,754 shares of the company’s stock worth $475,000 after acquiring an additional 2,811 shares in the last quarter. Finally, LPL Financial LLC grew its stake 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 worth $3,990,000 after acquiring an additional 1,581 shares in 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.