Short Interest in First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Grows By 600.0%

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 700 shares, a growth of 600.0% from the October 31st total of 100 shares. Based on an average trading volume of 2,900 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Multi Cap Value AlphaDEX Fund Stock Up 0.1 %

FAB stock opened at $89.52 on Thursday. First Trust Multi Cap Value AlphaDEX Fund has a twelve month low of $70.96 and a twelve month high of $90.30. The firm has a market cap of $147.71 million, a price-to-earnings ratio of 11.93 and a beta of 1.22. The business’s fifty day simple moving average is $85.05 and its two-hundred day simple moving average is $82.40.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.4468 per share. This is a positive change from First Trust Multi Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.79 dividend on an annualized basis and a yield of 2.00%.

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

A number of hedge funds have recently added to or reduced their stakes in FAB. International Assets Investment Management LLC purchased a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the second quarter valued at approximately $62,000. Raymond James Trust N.A. lifted its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 14.3% in the 2nd quarter. Raymond James Trust N.A. now owns 2,775 shares of the company’s stock worth $219,000 after buying an additional 347 shares during the period. PFG Investments LLC bought a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the 2nd quarter worth $356,000. Proactive Wealth Strategies LLC bought a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the 3rd quarter worth $669,000. Finally, Virtu Financial LLC increased its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 218.9% during the third quarter. Virtu Financial LLC now owns 8,454 shares of the company’s stock valued at $714,000 after buying an additional 5,803 shares during the period.

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.