Short Interest in First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Expands 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 short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Trust N.A. raised its stake in First Trust Multi Cap Value AlphaDEX Fund by 14.3% during the 2nd quarter. Raymond James Trust N.A. now owns 2,775 shares of the company’s stock valued at $219,000 after purchasing an additional 347 shares during the period. International Assets Investment Management LLC acquired a new position in First Trust Multi Cap Value AlphaDEX Fund during the second quarter valued at $62,000. Commonwealth Equity Services LLC raised its position in First Trust Multi Cap Value AlphaDEX Fund by 0.9% during the second quarter. Commonwealth Equity Services LLC now owns 19,908 shares of the company’s stock valued at $1,568,000 after buying an additional 171 shares during the period. PFG Investments LLC purchased a new stake in First Trust Multi Cap Value AlphaDEX Fund in the 2nd quarter worth about $356,000. Finally, Proactive Wealth Strategies LLC acquired a new stake in First Trust Multi Cap Value AlphaDEX Fund during the 3rd quarter worth about $669,000.

First Trust Multi Cap Value AlphaDEX Fund Stock Up 0.1 %

Shares of NASDAQ FAB traded up $0.13 during mid-day trading on Wednesday, hitting $89.52. 3,938 shares of the company traded hands, compared to its average volume of 4,938. First Trust Multi Cap Value AlphaDEX Fund has a 1 year low of $70.96 and a 1 year high of $90.30. The stock has a market capitalization of $147.71 million, a price-to-earnings ratio of 11.93 and a beta of 1.22. The business has a 50 day moving average of $85.05 and a two-hundred day moving average of $82.40.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.4468 per share. 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 2.00%.

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.