First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Up 20.0% in February

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 600 shares, an increase of 20.0% from the February 13th total of 500 shares. Based on an average daily trading volume, of 4,600 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

First Trust Multi Cap Value AlphaDEX Fund Trading Down 0.3 %

Shares of FAB stock traded down $0.24 during mid-day trading on Tuesday, reaching $79.70. The stock had a trading volume of 4,500 shares, compared to its average volume of 4,814. First Trust Multi Cap Value AlphaDEX Fund has a 12-month low of $77.03 and a 12-month high of $90.30. The company has a market cap of $127.52 million, a P/E ratio of 12.96 and a beta of 1.22. The business has a 50-day simple moving average of $82.69 and a 200 day simple moving average of $83.96.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FAB. Raymond James Financial Inc. purchased a new position in shares of First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter valued at $4,963,000. Citadel Advisors LLC boosted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 814.2% during the fourth quarter. Citadel Advisors LLC now owns 22,132 shares of the company’s stock valued at $1,825,000 after acquiring an additional 19,711 shares during the last quarter. Virtu Financial LLC boosted 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 acquiring an additional 5,803 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 26.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 25,592 shares of the company’s stock valued at $2,111,000 after acquiring an additional 5,277 shares during the last quarter. Finally, Truist Financial Corp acquired a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter valued at $392,000.

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.