First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Up 466.7% in January

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,700 shares, an increase of 466.7% from the December 31st total of 300 shares. Based on an average daily trading volume, of 3,400 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

FAB stock traded down $0.89 during midday trading on Tuesday, reaching $85.12. The company’s stock had a trading volume of 1,621 shares, compared to its average volume of 3,313. The firm has a market capitalization of $136.19 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 $74.99 and a 1 year high of $90.30. The stock has a fifty day simple moving average of $85.08 and a two-hundred day simple moving average of $84.07.

First Trust Multi Cap Value AlphaDEX Fund Dividend Announcement

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

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

Hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the 4th quarter worth approximately $82,000. PFG Investments LLC raised its stake in First Trust Multi Cap Value AlphaDEX Fund by 10.8% in the fourth quarter. PFG Investments LLC now owns 4,348 shares of the company’s stock worth $359,000 after buying an additional 424 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in First Trust Multi Cap Value AlphaDEX Fund by 3.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 5,539 shares of the company’s stock worth $457,000 after buying an additional 164 shares during the period. Proactive Wealth Strategies LLC bought a new stake in First Trust Multi Cap Value AlphaDEX Fund during the 3rd quarter valued at $669,000. Finally, Virtu Financial LLC increased its holdings 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 acquiring an additional 5,803 shares during the period.

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.