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

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

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FAB. International Assets Investment Management LLC boosted its position 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 valued at $5,618,000 after buying an additional 65,706 shares in the last quarter. Proactive Wealth Strategies LLC acquired a new position in First Trust Multi Cap Value AlphaDEX Fund in the third quarter valued at about $669,000. Virtu Financial LLC boosted its position in First Trust Multi Cap Value AlphaDEX Fund by 218.9% in 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 in the last quarter. PFG Investments LLC acquired a new position in First Trust Multi Cap Value AlphaDEX Fund in the second quarter valued at about $356,000. Finally, Raymond James Trust N.A. raised its stake in shares of 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 acquiring an additional 347 shares during the last quarter.

First Trust Multi Cap Value AlphaDEX Fund Price Performance

Shares of First Trust Multi Cap Value AlphaDEX Fund stock traded up $0.22 during trading on Friday, hitting $89.74. 611 shares of the company’s stock traded hands, compared to its average volume of 4,919. The company has a market cap of $148.07 million, a PE ratio of 11.93 and a beta of 1.22. First Trust Multi Cap Value AlphaDEX Fund has a twelve month low of $71.42 and a twelve month high of $90.30. The firm’s fifty day moving average price is $85.25 and its 200 day moving average price is $82.50.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.4468 dividend. The ex-dividend date was Thursday, September 26th. This is a positive change from First Trust Multi Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.38. This represents a $1.79 dividend on an annualized basis and a yield of 1.99%.

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.